Short Interest in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Declines By 88.6%

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,609 shares, a decline of 88.6% from the January 29th total of 14,054 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 65,147 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 65,147 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

KraneShares Hang Seng TECH Index ETF Stock Performance

Shares of NYSEARCA KTEC traded down $0.12 during trading hours on Wednesday, hitting $14.96. The stock had a trading volume of 40,017 shares, compared to its average volume of 63,430. The firm’s 50-day moving average price is $15.91 and its two-hundred day moving average price is $16.94. KraneShares Hang Seng TECH Index ETF has a 52 week low of $12.94 and a 52 week high of $19.69. The company has a market capitalization of $56.85 million, a P/E ratio of 49.87 and a beta of 0.48.

KraneShares Hang Seng TECH Index ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a dividend of $0.5254 per share. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 329.0%. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio is 173.33%.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

Several institutional investors and hedge funds have recently modified their holdings of KTEC. NewEdge Advisors LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth $447,000. Jane Street Group LLC lifted its position in KraneShares Hang Seng TECH Index ETF by 268.8% during the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after acquiring an additional 132,285 shares during the last quarter. Osaic Holdings Inc. bought a new stake in KraneShares Hang Seng TECH Index ETF during the second quarter valued at about $207,000. Farther Finance Advisors LLC grew its position in shares of KraneShares Hang Seng TECH Index ETF by 48.6% in the third quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after purchasing an additional 5,869 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter valued at about $350,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

About KraneShares Hang Seng TECH Index ETF

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.