Investors Buy Large Volume of KraneShares CSI China Internet ETF Call Options (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of some unusual options trading on Friday. Traders acquired 877,180 call options on the stock. This is an increase of 465% compared to the average daily volume of 155,352 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KWEB. Banque Cantonale Vaudoise increased its stake in shares of KraneShares CSI China Internet ETF by 2.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock valued at $418,000 after acquiring an additional 284 shares during the last quarter. Viewpoint Capital Management LLC increased its position in KraneShares CSI China Internet ETF by 0.3% during the second quarter. Viewpoint Capital Management LLC now owns 108,476 shares of the company’s stock worth $3,724,000 after purchasing an additional 320 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in KraneShares CSI China Internet ETF by 1.0% during the third quarter. 180 Wealth Advisors LLC now owns 34,697 shares of the company’s stock worth $1,458,000 after purchasing an additional 340 shares during the period. Magnus Financial Group LLC raised its stake in KraneShares CSI China Internet ETF by 3.2% during the second quarter. Magnus Financial Group LLC now owns 15,303 shares of the company’s stock worth $525,000 after purchasing an additional 477 shares during the period. Finally, ORG Partners LLC boosted its holdings in shares of KraneShares CSI China Internet ETF by 82.5% in the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after purchasing an additional 531 shares during the last quarter.

KraneShares CSI China Internet ETF Trading Up 0.9%

Shares of KWEB stock traded up $0.31 during midday trading on Friday, hitting $36.50. The company had a trading volume of 14,985,059 shares, compared to its average volume of 21,950,469. The company’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $37.58. KraneShares CSI China Internet ETF has a 52-week low of $27.27 and a 52-week high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.