KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 103,041 shares, a growth of 1,571.1% from the September 15th total of 6,166 shares. Based on an average trading volume of 131,539 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.6% of the shares of the company are sold short.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted its stake in KraneShares Hang Seng TECH Index ETF by 286.0% during the second quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock worth $482,000 after purchasing an additional 28,997 shares during the period. Lavelle Capital LP acquired a new stake in KraneShares Hang Seng TECH Index ETF during the first quarter valued at approximately $1,134,000. Finally, Cetera Investment Advisers grew its stake in shares of KraneShares Hang Seng TECH Index ETF by 22.2% in the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock valued at $311,000 after purchasing an additional 4,115 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.
KraneShares Hang Seng TECH Index ETF Price Performance
Shares of KTEC traded up $0.40 on Friday, reaching $11.81. 44,444 shares of the stock traded hands, compared to its average volume of 79,086. The stock’s 50-day moving average price is $12.57 and its 200-day moving average price is $13.15. The firm has a market cap of $46.65 million, a price-to-earnings ratio of 39.37 and a beta of 0.47. KraneShares Hang Seng TECH Index ETF has a 12 month low of $11.32 and a 12 month high of $18.70.
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.
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