KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Gap Down – Here’s What Happened

KraneShares CSI China Internet ETF (NYSEARCA:KWEBGet 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

(Get Free Report)

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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