KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Up 122.6% in July

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 180,746 shares, an increase of 122.6% from the June 30th total of 81,180 shares. Based on an average daily volume of 171,706 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are sold short.

KraneShares Artificial Intelligence and Technology ETF Stock Down 2.4%

Shares of NASDAQ:AGIX opened at $40.08 on Thursday. The company has a market cap of $675.35 million, a P/E ratio of 36.18 and a beta of 1.93. The business has a fifty day simple moving average of $45.18 and a 200-day simple moving average of $39.46. KraneShares Artificial Intelligence and Technology ETF has a 52 week low of $30.89 and a 52 week high of $49.67.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at about $36,000. Ankerstar Wealth LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth approximately $184,000. Advisory Services Network LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter worth approximately $206,000. Dynamic Advisor Solutions LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the second quarter valued at approximately $220,000. Finally, Resolute Wealth Strategies LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at approximately $225,000.

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.