KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Sees Significant Increase in Short Interest

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 25,606 shares, an increase of 1,491.4% from the February 12th total of 1,609 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 57,121 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 57,121 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the company’s shares are short sold.

KraneShares Hang Seng TECH Index ETF Stock Down 1.1%

Shares of KTEC stock traded down $0.16 during trading hours on Thursday, reaching $14.18. 81,437 shares of the stock traded hands, compared to its average volume of 72,401. The firm has a market capitalization of $53.88 million, a PE ratio of 47.27 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a 1-year low of $12.94 and a 1-year high of $19.69. The business has a fifty day moving average price of $15.55 and a 200 day moving average price of $16.76.

KraneShares Hang Seng TECH Index ETF Dividend Announcement

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

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of KraneShares Hang Seng TECH Index ETF by 153.4% in the 3rd quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $106,000 after purchasing an additional 3,375 shares during the period. Osaic Holdings Inc. purchased a new position in KraneShares Hang Seng TECH Index ETF during the second quarter valued at approximately $207,000. Jane Street Group LLC purchased a new position in KraneShares Hang Seng TECH Index ETF during the fourth quarter valued at approximately $228,000. Cetera Investment Advisers acquired a new position in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at approximately $290,000. Finally, Farther Finance Advisors LLC lifted its position in 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 worth $341,000 after buying an additional 5,869 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.