Traders Buy High Volume of Call Options on KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the target of unusually large options trading on Thursday. Stock investors purchased 409,602 call options on the company. This is an increase of 358% compared to the average daily volume of 89,349 call options.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock traded up $0.42 during mid-day trading on Thursday, reaching $24.74. The company had a trading volume of 65,996,799 shares, compared to its average volume of 22,886,777. The stock’s 50-day simple moving average is $24.51 and its 200-day simple moving average is $27.87. The company has a market capitalization of $4.60 billion, a P/E ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a 1 year low of $22.54 and a 1 year high of $40.10.

Institutional Trading of KraneShares CSI China Internet ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rayburn West Financial Services LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 2nd quarter worth $129,000. Invera Wealth Advisors LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the third quarter valued at $201,000. Kestra Advisory Services LLC increased its position in shares of KraneShares CSI China Internet ETF by 17.0% during the first quarter. Kestra Advisory Services LLC now owns 8,873 shares of the company’s stock worth $252,000 after acquiring an additional 1,286 shares during the last quarter. Morton Capital Management LLC CA acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $218,000. Finally, SFI Advisors LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $222,000.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.