KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR – Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 224,409 shares, an increase of 43.1% from the March 31st total of 156,768 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 99,223 shares, the days-to-cover ratio is currently 2.3 days.
Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF
A number of large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter worth $3,245,000. Susquehanna International Group LLP raised its position in 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 purchasing an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC raised its position in KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after purchasing an additional 21,502 shares during the period.
KraneShares SSE Star Market 50 Index ETF Stock Performance
Shares of KraneShares SSE Star Market 50 Index ETF stock traded up $1.99 on Thursday, hitting $23.19. 179,341 shares of the company traded hands, compared to its average volume of 243,955. The firm’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $19.53. KraneShares SSE Star Market 50 Index ETF has a 12-month low of $12.97 and a 12-month high of $23.32.
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.
Further Reading
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