KraneShares CSI China Internet ETF (NYSE:KWEB – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 32,290,000 shares, a decline of 25.6% from the February 13th total of 43,400,000 shares. Based on an average trading volume of 23,953,200 shares, the short-interest ratio is currently 1.3 days. Approximately 13.6% of the shares of the stock are short sold.
Hedge Funds Weigh In On KraneShares CSI China Internet ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KWEB. Wilmington Savings Fund Society FSB boosted its position in KraneShares CSI China Internet ETF by 466.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after buying an additional 700 shares in the last quarter. Park Square Financial Group LLC acquired a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at about $35,000. Oakworth Capital Inc. acquired a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at about $78,000. IFP Advisors Inc boosted its position in KraneShares CSI China Internet ETF by 553.4% in the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock valued at $97,000 after buying an additional 2,800 shares in the last quarter. Finally, FMR LLC boosted its position in KraneShares CSI China Internet ETF by 51.1% in the third quarter. FMR LLC now owns 3,409 shares of the company’s stock valued at $116,000 after buying an additional 1,153 shares in the last quarter.
KraneShares CSI China Internet ETF Price Performance
Shares of KraneShares CSI China Internet ETF stock traded up $1.06 during trading on Friday, hitting $36.78. 27,886,650 shares of the company’s stock traded hands, compared to its average volume of 27,316,957. The firm’s fifty day moving average price is $32.51 and its 200 day moving average price is $31.30. KraneShares CSI China Internet ETF has a twelve month low of $24.68 and a twelve month high of $39.17.
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