Short Interest in KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Rises By 155.0%

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,027,436 shares, an increase of 155.0% from the June 15th total of 794,935 shares. Based on an average trading volume of 563,318 shares, the short-interest ratio is currently 3.6 days. Approximately 21.3% of the company’s shares are short sold.

KraneShares SSE Star Market 50 Index ETF Price Performance

KraneShares SSE Star Market 50 Index ETF stock opened at $28.47 on Tuesday. The company’s 50 day simple moving average is $26.43 and its 200-day simple moving average is $22.31. KraneShares SSE Star Market 50 Index ETF has a 1 year low of $13.49 and a 1 year high of $32.54.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in KraneShares SSE Star Market 50 Index ETF in the third quarter valued at approximately $3,245,000. Susquehanna International Group LLP boosted its position in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after buying an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC boosted its position in shares of 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 period.

About KraneShares SSE Star Market 50 Index ETF

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.