KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 22,505 shares, a drop of 79.3% from the August 15th total of 108,843 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,446 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. bought a new stake in KraneShares Hang Seng TECH Index ETF during the 2nd quarter worth about $207,000. Jane Street Group LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at $228,000. Susquehanna International Group LLP bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the third quarter worth $350,000. Cetera Investment Advisers acquired a new position in shares of KraneShares Hang Seng TECH Index ETF during the fourth quarter valued at $290,000. Finally, NewEdge Advisors LLC acquired a new position in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at $447,000. Institutional investors own 63.86% of the company’s stock.
KraneShares Hang Seng TECH Index ETF Trading Up 0.4%
NYSEARCA:KTEC opened at $12.01 on Friday. KraneShares Hang Seng TECH Index ETF has a 1 year low of $11.81 and a 1 year high of $19.69. The firm has a 50 day moving average of $13.06 and a 200-day moving average of $13.49. The stock has a market capitalization of $52.24 million, a P/E ratio of 39.93 and a beta of 0.48.
About KraneShares Hang Seng TECH Index ETF
The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.
Recommended Stories
- Five stocks we like better than KraneShares Hang Seng TECH Index ETF
- Microsoft’s Azure Reporting Shift Adds Clarity, But the Bull Case Came First
- Feed to Feat: Can Meta Unlock the AI Agent Cash Machine?
- Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model
- IBM and Lockheed Martin Turn a Swiss Defense Deal Into a Quantum Computing Bet
Receive News & Ratings for KraneShares Hang Seng TECH Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares Hang Seng TECH Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
