KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 99.6% in December

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 296,130 shares, a growth of 99.6% from the December 15th total of 148,362 shares. Approximately 11.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 74,357 shares, the short-interest ratio is currently 4.0 days. Based on an average daily trading volume, of 74,357 shares, the short-interest ratio is currently 4.0 days. Approximately 11.4% of the shares of the stock are short sold.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in KSTR. Prudential PLC increased its position in shares of KraneShares SSE Star Market 50 Index ETF by 7.9% during the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock valued at $10,218,000 after buying an additional 53,900 shares during the period. Citadel Advisors LLC purchased a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth approximately $3,245,000. Finally, Susquehanna International Group LLP raised its position in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after acquiring an additional 113,838 shares in the last quarter.

KraneShares SSE Star Market 50 Index ETF Stock Up 0.9%

Shares of KSTR stock traded up $0.19 during trading on Thursday, hitting $21.13. The company had a trading volume of 276,364 shares, compared to its average volume of 201,408. The stock’s 50-day moving average is $18.70 and its two-hundred day moving average is $17.53. KraneShares SSE Star Market 50 Index ETF has a 52 week low of $11.86 and a 52 week high of $21.43.

About KraneShares SSE Star Market 50 Index ETF

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.