Short Interest in KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Declines By 46.8%

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,078,707 shares, a decrease of 46.8% from the June 30th total of 2,027,436 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 823,831 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF

Several large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth approximately $3,245,000. Susquehanna International Group LLP boosted its position in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after buying an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC grew its stake in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% in the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after acquiring an additional 21,502 shares in the last quarter.

KraneShares SSE Star Market 50 Index ETF Stock Down 0.3%

Shares of KSTR traded down $0.07 during mid-day trading on Thursday, hitting $23.85. 2,707,314 shares of the company’s stock were exchanged, compared to its average volume of 436,246. KraneShares SSE Star Market 50 Index ETF has a fifty-two week low of $14.13 and a fifty-two week high of $32.54. The stock’s 50-day moving average is $26.68 and its 200-day moving average is $22.88.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.