KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,217 shares, a decrease of 94.0% from the September 30th total of 103,041 shares. Based on an average daily volume of 40,217 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.
Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF
A number of large investors have recently bought and sold shares of the business. Lavelle Capital LP bought a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter valued at $1,134,000. Citadel Advisors LLC increased its holdings in shares of KraneShares Hang Seng TECH Index ETF by 286.0% in the 2nd quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock valued at $482,000 after acquiring an additional 28,997 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of KraneShares Hang Seng TECH Index ETF by 22.2% in the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock valued at $311,000 after acquiring an additional 4,115 shares during the period. Institutional investors own 63.86% of the company’s stock.
KraneShares Hang Seng TECH Index ETF Trading Up 0.1%
Shares of KTEC traded up $0.01 during mid-day trading on Monday, hitting $10.91. The company’s stock had a trading volume of 184,453 shares, compared to its average volume of 80,264. The company’s 50-day moving average is $12.09 and its 200-day moving average is $13.60. KraneShares Hang Seng TECH Index ETF has a 52-week low of $10.72 and a 52-week high of $18.44. The firm has a market capitalization of $43.09 million, a price-to-earnings ratio of 36.37 and a beta of 0.47.
KraneShares Hang Seng TECH Index ETF Company Profile
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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