KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Significant Growth in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 82,189 shares, an increase of 19.9% from the February 12th total of 68,547 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 200,168 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 200,168 shares, the short-interest ratio is currently 0.4 days. Currently, 2.0% of the shares of the company are sold short.

KraneShares SSE Star Market 50 Index ETF Stock Down 1.8%

NYSEARCA KSTR traded down $0.36 during trading hours on Tuesday, hitting $19.19. 22,573 shares of the company’s stock traded hands, compared to its average volume of 328,990. The firm’s 50-day moving average is $20.64 and its 200-day moving average is $19.37. KraneShares SSE Star Market 50 Index ETF has a 52-week low of $11.86 and a 52-week high of $22.13.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

Several hedge funds have recently bought and sold shares of KSTR. Prudential PLC boosted its holdings in KraneShares SSE Star Market 50 Index ETF by 7.9% in the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock worth $10,218,000 after purchasing an additional 53,900 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth about $3,245,000. Susquehanna International Group LLP grew its position in KraneShares SSE Star Market 50 Index ETF by 436.0% in the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC grew its stake in KraneShares SSE Star Market 50 Index ETF by 47.9% during the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after buying an additional 21,502 shares during the last quarter.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.