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

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 48,418 shares, a growth of 30.1% from the November 30th total of 37,204 shares. Based on an average daily trading volume, of 29,052 shares, the short-interest ratio is currently 1.7 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 29,052 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in shares of KraneShares Hang Seng TECH Index ETF by 153.4% during the 3rd 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 during the last quarter. Osaic Holdings Inc. bought a new stake in shares of KraneShares Hang Seng TECH Index ETF in the 2nd quarter valued at about $207,000. Farther Finance Advisors LLC raised its stake in shares of KraneShares Hang Seng TECH Index ETF by 48.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after purchasing an additional 5,869 shares during the period. Susquehanna International Group LLP bought a new position in KraneShares Hang Seng TECH Index ETF during the third quarter worth about $350,000. Finally, NewEdge Advisors LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $447,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Stock Up 0.7%

Shares of KTEC traded up $0.11 during midday trading on Tuesday, hitting $15.90. The company had a trading volume of 41,018 shares, compared to its average volume of 67,574. KraneShares Hang Seng TECH Index ETF has a 52 week low of $12.60 and a 52 week high of $19.69. The company’s 50 day moving average price is $16.82 and its 200 day moving average price is $17.06. The stock has a market cap of $55.65 million, a price-to-earnings ratio of 53.00 and a beta of 0.48.

KraneShares Hang Seng TECH Index ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a $0.5254 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 329.0%. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio is 173.33%.

About KraneShares Hang Seng TECH Index ETF

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.