KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of some unusual options trading activity on Monday. Stock traders bought 235,257 call options on the stock. This represents an increase of approximately 16% compared to the average daily volume of 202,959 call options.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB traded up $3.38 during mid-day trading on Monday, hitting $34.47. 28,295,554 shares of the company’s stock were exchanged, compared to its average volume of 21,516,039. KraneShares CSI China Internet ETF has a fifty-two week low of $22.68 and a fifty-two week high of $39.17. The business’s 50 day moving average is $32.54 and its two-hundred day moving average is $29.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in KraneShares CSI China Internet ETF in the third quarter valued at about $282,366,000. Temasek Holdings Private Ltd lifted its holdings in shares of KraneShares CSI China Internet ETF by 25.7% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,793,900 shares of the company’s stock valued at $95,048,000 after buying an additional 572,100 shares during the period. Mount Lucas Management LP grew its holdings in KraneShares CSI China Internet ETF by 136.8% during the third quarter. Mount Lucas Management LP now owns 1,385,000 shares of the company’s stock worth $47,118,000 after acquiring an additional 800,000 shares during the period. Coalescence Partners Investment Management LP purchased a new position in KraneShares CSI China Internet ETF in the third quarter worth $47,048,000. Finally, SG Americas Securities LLC lifted its holdings in KraneShares CSI China Internet ETF by 739.8% in the third quarter. SG Americas Securities LLC now owns 940,092 shares of the company’s stock valued at $31,982,000 after acquiring an additional 828,151 shares during the period.