Short Interest in KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Expands By 102.3%

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTRGet Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,182,343 shares, a growth of 102.3% from the July 15th total of 1,078,707 shares. Currently, 14.1% of the company’s shares are sold short. Based on an average daily volume of 1,080,882 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in shares of KraneShares SSE Star Market 50 Index ETF during the third quarter valued at approximately $3,245,000. Susquehanna International Group LLP grew 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 worth $2,814,000 after purchasing an additional 113,838 shares in the last quarter. Finally, OLD Mission Capital LLC increased its holdings in KraneShares SSE Star Market 50 Index ETF by 47.9% during 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 Trading Down 0.2%

KSTR stock traded down $0.05 during trading on Friday, hitting $24.76. The company had a trading volume of 517,749 shares, compared to its average volume of 498,089. KraneShares SSE Star Market 50 Index ETF has a 52-week low of $15.02 and a 52-week high of $32.54. The company has a 50 day simple moving average of $26.48 and a 200-day simple moving average of $23.14.

About KraneShares SSE Star Market 50 Index ETF

(Get Free Report)

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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