KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Up 145.3% in March

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIXGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 132,851 shares, an increase of 145.3% from the February 26th total of 54,161 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 93,183 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AGIX. ORG Partners LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at $36,000. Noble Wealth Management PBC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $37,000. Ankerstar Wealth LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $184,000. Advisory Services Network LLC acquired a new stake in KraneShares Artificial Intelligence and Technology ETF in the third quarter valued at $206,000. Finally, Resolute Wealth Strategies LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter valued at about $225,000.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

AGIX opened at $31.83 on Friday. The business’s 50-day simple moving average is $34.60 and its 200 day simple moving average is $36.09. KraneShares Artificial Intelligence and Technology ETF has a 52-week low of $20.82 and a 52-week high of $40.01. The firm has a market capitalization of $140.05 million, a PE ratio of 36.18 and a beta of 1.77.

KraneShares Artificial Intelligence and Technology ETF Company Profile

(Get Free Report)

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.

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