KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Shares Down 0.5% – Should You Sell?

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) shares fell 0.5% during trading on Monday . The stock traded as low as $16.80 and last traded at $16.83. 121,692 shares traded hands during mid-day trading, an increase of 266% from the average session volume of 33,246 shares. The stock had previously closed at $16.92.

KraneShares Hang Seng TECH Index ETF Stock Performance

The stock has a fifty day moving average price of $16.04 and a two-hundred day moving average price of $14.37. The firm has a market capitalization of $45.79 million, a P/E ratio of 20.05 and a beta of 0.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in KraneShares Hang Seng TECH Index ETF stock. Jane Street Group LLC bought a new position in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,218 shares of the company’s stock, valued at approximately $658,000. Jane Street Group LLC owned about 8.20% of KraneShares Hang Seng TECH Index ETF at the end of the most recent quarter.

KraneShares Hang Seng TECH Index ETF Company Profile

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.