KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Update

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 81,180 shares, a drop of 45.0% from the June 15th total of 147,673 shares. Based on an average daily volume of 383,087 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

KraneShares Artificial Intelligence and Technology ETF Price Performance

Shares of NASDAQ:AGIX opened at $44.47 on Thursday. KraneShares Artificial Intelligence and Technology ETF has a 1 year low of $30.89 and a 1 year high of $49.67. The company has a market cap of $760.44 million, a P/E ratio of 36.18 and a beta of 1.93. The stock’s fifty day moving average price is $45.41 and its 200-day moving average price is $39.06.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at $36,000. Noble Wealth Management PBC bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth $37,000. Resolute Wealth Strategies LLC grew its holdings in shares of KraneShares Artificial Intelligence and Technology ETF by 57.8% in the first quarter. Resolute Wealth Strategies LLC now owns 9,799 shares of the company’s stock worth $321,000 after acquiring an additional 3,590 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the second quarter valued at $220,000. Finally, Ankerstar Wealth LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at $184,000.

About KraneShares Artificial Intelligence and Technology ETF

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.