KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Shares Up 2.3% – Here’s What Happened

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX)’s share price were up 2.3% during trading on Wednesday . The company traded as high as $34.72 and last traded at $34.39. Approximately 98,325 shares traded hands during trading, a decline of 8% from the average daily volume of 106,860 shares. The stock had previously closed at $33.62.

KraneShares Artificial Intelligence and Technology ETF Stock Down 1.4%

The stock has a market cap of $149.51 million, a P/E ratio of 36.18 and a beta of 1.77. The stock has a fifty day simple moving average of $35.47 and a 200-day simple moving average of $36.02.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a $0.4377 dividend. This represents a yield of 119.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter valued at $17,766,000. LPL Financial LLC lifted its holdings in KraneShares Artificial Intelligence and Technology ETF by 941.4% during the fourth quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock worth $4,007,000 after acquiring an additional 99,781 shares in the last quarter. Westwind Capital bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth about $1,588,000. Mainstay Capital Management LLC ADV acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the third quarter worth about $503,000. Finally, Jane Street Group LLC raised its position in shares of KraneShares Artificial Intelligence and Technology ETF by 43.1% during the first quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock worth $1,048,000 after purchasing an additional 12,867 shares during the period.

KraneShares Artificial Intelligence and Technology ETF Company Profile

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.