KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC lowered its stake in shares of KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) by 57.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,551 shares of the company’s stock after selling 15,359 shares during the quarter. Capital Market Strategies LLC’s holdings in KraneShares China Internet and Covered Call Strategy ETF were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KLIP. Raymond James Financial Inc. acquired a new position in KraneShares China Internet and Covered Call Strategy ETF in the 4th quarter worth approximately $108,000. Advisory Services Network LLC increased its holdings in KraneShares China Internet and Covered Call Strategy ETF by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 56,117 shares of the company’s stock worth $606,000 after buying an additional 1,772 shares during the period. Avantax Advisory Services Inc. increased its holdings in KraneShares China Internet and Covered Call Strategy ETF by 8.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 59,423 shares of the company’s stock worth $642,000 after buying an additional 4,568 shares during the period. Finally, Jane Street Group LLC increased its holdings in KraneShares China Internet and Covered Call Strategy ETF by 620.6% in the 4th quarter. Jane Street Group LLC now owns 679,589 shares of the company’s stock worth $7,340,000 after buying an additional 585,285 shares during the period.

KraneShares China Internet and Covered Call Strategy ETF Trading Down 1.7%

Shares of NYSEARCA:KLIP opened at $31.27 on Friday. KraneShares China Internet and Covered Call Strategy ETF has a twelve month low of $27.06 and a twelve month high of $42.51. The company’s 50 day moving average is $31.04 and its 200 day moving average is $32.33. The company has a market cap of $91.62 million, a PE ratio of 16.96 and a beta of 0.25.

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.