KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Sees Large Drop in Short Interest

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 47,480 shares, a decrease of 34.5% from the May 31st total of 72,481 shares. Based on an average trading volume of 28,143 shares, the short-interest ratio is currently 1.7 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter worth about $2,316,000. LPL Financial LLC grew its holdings in KraneShares China Internet and Covered Call Strategy ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 175,464 shares of the company’s stock worth $5,264,000 after acquiring an additional 34,794 shares during the period. Raymond James Financial Inc. raised its position in KraneShares China Internet and Covered Call Strategy ETF by 46.8% during the second quarter. Raymond James Financial Inc. now owns 65,353 shares of the company’s stock valued at $2,074,000 after acquiring an additional 20,828 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in KraneShares China Internet and Covered Call Strategy ETF during the first quarter valued at approximately $460,000. Finally, Cetera Investment Advisers lifted its holdings in KraneShares China Internet and Covered Call Strategy ETF by 76.1% in the fourth quarter. Cetera Investment Advisers now owns 30,587 shares of the company’s stock valued at $918,000 after acquiring an additional 13,221 shares during the period.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

Shares of KraneShares China Internet and Covered Call Strategy ETF stock remained flat at $23.18 on Friday. The company had a trading volume of 53,238 shares, compared to its average volume of 44,748. KraneShares China Internet and Covered Call Strategy ETF has a 12-month low of $22.11 and a 12-month high of $33.56. The company has a market capitalization of $101.06 million, a price-to-earnings ratio of 16.77 and a beta of 0.44. The company has a fifty day simple moving average of $25.02 and a 200 day simple moving average of $27.52.

KraneShares China Internet and Covered Call Strategy ETF Company Profile

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.