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 increase in short interest in January. As of January 15th, there was short interest totaling 286,250 shares, an increase of 549.9% from the December 31st total of 44,048 shares. Based on an average trading volume of 77,955 shares, the days-to-cover ratio is currently 3.7 days. Approximately 7.3% of the shares of the stock are short sold. Approximately 7.3% of the shares of the stock are short sold. Based on an average trading volume of 77,955 shares, the days-to-cover ratio is currently 3.7 days.

KraneShares Hang Seng TECH Index ETF Price Performance

NYSEARCA KTEC traded down $0.05 during trading hours on Thursday, reaching $16.47. The company’s stock had a trading volume of 75,218 shares, compared to its average volume of 69,811. The firm has a market capitalization of $64.23 million, a price-to-earnings ratio of 54.90 and a beta of 0.48. The company’s 50-day moving average is $16.36 and its two-hundred day moving average is $17.12. KraneShares Hang Seng TECH Index ETF has a 1-year low of $12.94 and a 1-year high of $19.69.

KraneShares Hang Seng TECH Index ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a dividend of $0.5254 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 329.0%. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio is currently 173.33%.

Institutional Trading of KraneShares Hang Seng TECH Index ETF

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in KraneShares Hang Seng TECH Index ETF by 153.4% in the 3rd quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after purchasing an additional 3,375 shares in the last quarter. Osaic Holdings Inc. purchased a new position in KraneShares Hang Seng TECH Index ETF during the second quarter worth approximately $207,000. Farther Finance Advisors LLC lifted its position in 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 worth $341,000 after buying an additional 5,869 shares in the last quarter. Susquehanna International Group LLP acquired a new position in KraneShares Hang Seng TECH Index ETF during the third quarter worth $350,000. Finally, NewEdge Advisors LLC purchased a new stake in KraneShares Hang Seng TECH Index ETF in the 1st quarter valued at $447,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Company Profile

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.