KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Sees Large Growth in Short Interest

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 34,955 shares, an increase of 30.1% from the December 15th total of 26,876 shares. Based on an average daily volume of 20,806 shares, the short-interest ratio is presently 1.7 days. Approximately 1.4% of the company’s stock are sold short. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 20,806 shares, the short-interest ratio is presently 1.7 days.

KraneShares Artificial Intelligence and Technology ETF Stock Down 0.1%

Shares of NASDAQ:AGIX opened at $36.37 on Tuesday. KraneShares Artificial Intelligence and Technology ETF has a twelve month low of $20.82 and a twelve month high of $40.01. The firm has a market capitalization of $149.12 million, a price-to-earnings ratio of 36.18 and a beta of 1.77. The stock’s 50 day moving average is $36.38 and its 200-day moving average is $35.45.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a dividend of $0.4377 per share. This represents a dividend yield of 119.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the third quarter worth $17,766,000. Westwind Capital purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at approximately $1,588,000. Mainstay Capital Management LLC ADV purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter valued at about $503,000. Jane Street Group LLC raised its holdings in KraneShares Artificial Intelligence and Technology ETF by 43.1% in the 1st quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock worth $1,048,000 after purchasing an additional 12,867 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the third quarter valued at $253,000.

About KraneShares Artificial Intelligence and Technology ETF

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.