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

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 315,175 shares, a growth of 1,101.7% from the March 31st total of 26,228 shares. Approximately 8.1% of the company’s shares are short sold. Based on an average trading volume of 100,580 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter valued at $447,000. Jane Street Group LLC grew its position in shares of KraneShares Hang Seng TECH Index ETF by 268.8% during the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after buying an additional 132,285 shares in the last quarter. Osaic Holdings Inc. purchased a new position in shares of KraneShares Hang Seng TECH Index ETF during the second quarter valued at $207,000. Farther Finance Advisors LLC increased its stake in shares of KraneShares Hang Seng TECH Index ETF by 48.6% during the third quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after buying an additional 5,869 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter valued at about $350,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

KraneShares Hang Seng TECH Index ETF Price Performance

Shares of NYSEARCA:KTEC traded up $0.17 during trading on Friday, reaching $14.00. 91,424 shares of the company were exchanged, compared to its average volume of 87,558. The business’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $15.88. KraneShares Hang Seng TECH Index ETF has a 12-month low of $13.29 and a 12-month high of $19.69. The firm has a market capitalization of $54.60 million, a PE ratio of 46.67 and a beta of 0.50.

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.