KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,078,707 shares, a decline of 46.8% from the June 30th total of 2,027,436 shares. Currently, 8.0% of the company’s stock are short sold. Based on an average daily volume of 823,831 shares, the days-to-cover ratio is currently 1.3 days.
Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF
A number of institutional investors have recently added to or reduced their stakes in KSTR. Citadel Advisors LLC bought a new stake in KraneShares SSE Star Market 50 Index ETF during the third quarter worth $3,245,000. Susquehanna International Group LLP lifted its stake in KraneShares SSE Star Market 50 Index ETF by 436.0% in the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in shares of 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 valued at $1,236,000 after acquiring an additional 21,502 shares during the period.
KraneShares SSE Star Market 50 Index ETF Trading Down 1.7%
Shares of KraneShares SSE Star Market 50 Index ETF stock traded down $0.42 on Wednesday, reaching $23.92. 794,952 shares of the company were exchanged, compared to its average volume of 420,321. KraneShares SSE Star Market 50 Index ETF has a one year low of $14.13 and a one year high of $32.54. The company has a 50-day moving average of $26.73 and a 200 day moving average of $22.86.
KraneShares SSE Star Market 50 Index ETF Company Profile
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.
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