KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Shares Break Below 200 Day Moving Average – Here’s What Happened

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $41.54 and traded as low as $40.61. KraneShares Artificial Intelligence and Technology ETF shares last traded at $40.68, with a volume of 127,249 shares trading hands.

KraneShares Artificial Intelligence and Technology ETF Trading Down 2.3%

The company has a market cap of $689.53 million, a PE ratio of 36.18 and a beta of 1.95. The firm’s fifty day moving average is $45.87 and its 200 day moving average is $41.54.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

Several institutional investors have recently modified their holdings of the stock. SFG Wealth Management LLC. purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the second quarter worth about $1,090,000. NewEdge Advisors LLC acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 2nd quarter worth about $1,275,000. Susquehanna International Group LLP acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 2nd quarter worth about $1,071,000. GTS Securities LLC raised its position in shares of KraneShares Artificial Intelligence and Technology ETF by 236.3% during the 2nd quarter. GTS Securities LLC now owns 101,869 shares of the company’s stock worth $4,777,000 after purchasing an additional 71,581 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 1st quarter worth about $26,216,000.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.