KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTECGet Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 15,228 shares, a decrease of 95.2% from the April 15th total of 315,175 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 191,669 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares Hang Seng TECH Index ETF Price Performance

KTEC traded up $0.67 on Wednesday, reaching $14.87. 161,073 shares of the company traded hands, compared to its average volume of 89,577. The stock’s 50 day moving average price is $13.99 and its 200-day moving average price is $15.52. KraneShares Hang Seng TECH Index ETF has a 52-week low of $13.29 and a 52-week high of $19.69. The company has a market cap of $63.94 million, a price-to-earnings ratio of 49.57 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 4th quarter valued at about $290,000. Jane Street Group LLC bought a new position in KraneShares Hang Seng TECH Index ETF during the fourth quarter valued at approximately $228,000. IFP Advisors Inc raised its position in KraneShares Hang Seng TECH Index ETF by 153.4% during the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $106,000 after acquiring an additional 3,375 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in KraneShares Hang Seng TECH Index ETF in the third quarter valued at approximately $350,000. Finally, Osaic Holdings Inc. bought a new stake in KraneShares Hang Seng TECH Index ETF in the second quarter worth approximately $207,000. 63.86% of the stock is owned by institutional investors and hedge funds.

KraneShares Hang Seng TECH Index ETF Company Profile

(Get Free Report)

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.

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