KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $27.63, but opened at $26.46. KraneShares CSI China Internet ETF shares last traded at $26.93, with a volume of 23,084,080 shares traded.
KraneShares CSI China Internet ETF Stock Performance
The business’s 50 day moving average price is $28.96 and its two-hundred day moving average price is $33.16. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36.
Institutional Trading of KraneShares CSI China Internet ETF
A number of institutional investors have recently made changes to their positions in KWEB. Aurora Investment Managers LLC. lifted its stake in KraneShares CSI China Internet ETF by 12.6% during the third quarter. Aurora Investment Managers LLC. now owns 440,048 shares of the company’s stock valued at $18,486,000 after purchasing an additional 49,302 shares during the last quarter. Truxt Investmentos Ltda. acquired a new stake in KraneShares CSI China Internet ETF during the third quarter valued at approximately $4,870,000. GFG Capital LLC acquired a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $668,000. Robinhood Asset Management LLC acquired a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $54,053,000. Finally, ABC Arbitrage SA lifted its stake in KraneShares CSI China Internet ETF by 311.6% during the third quarter. ABC Arbitrage SA now owns 138,130 shares of the company’s stock valued at $5,803,000 after purchasing an additional 104,573 shares during the last quarter.
KraneShares CSI China Internet ETF Company Profile
The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.
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