KraneShares CSI China Internet ETF Sees Unusually High Options Volume (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) saw unusually large options trading activity on Wednesday. Stock traders bought 275,831 call options on the company. This is an increase of 57% compared to the average daily volume of 175,343 call options.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Temasek Holdings Private Ltd increased its position in shares of KraneShares CSI China Internet ETF by 98.5% during the 4th quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares in the last quarter. Bank of Nova Scotia bought a new stake in KraneShares CSI China Internet ETF during the third quarter worth about $95,497,000. SPX Gestao de Recursos Ltda bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth about $70,667,000. Quadrature Capital Ltd increased its holdings in shares of KraneShares CSI China Internet ETF by 350.0% during the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after buying an additional 1,849,107 shares in the last quarter. Finally, BlueCrest Capital Management Ltd raised its stake in shares of KraneShares CSI China Internet ETF by 421.5% in the third quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock valued at $89,385,000 after acquiring an additional 1,719,701 shares during the last quarter.

KraneShares CSI China Internet ETF Trading Up 3.8%

NYSEARCA:KWEB traded up $1.08 during mid-day trading on Wednesday, hitting $29.61. The company’s stock had a trading volume of 32,931,899 shares, compared to its average volume of 25,360,270. KraneShares CSI China Internet ETF has a fifty-two week low of $27.62 and a fifty-two week high of $43.37. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The stock has a fifty day moving average of $29.41 and a 200-day moving average of $34.11.

About KraneShares CSI China Internet ETF

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.