KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 166,814 shares, a drop of 42.2% from the September 15th total of 288,747 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 95,935 shares, the days-to-cover ratio is currently 1.7 days.
KraneShares Artificial Intelligence and Technology ETF Stock Performance
NASDAQ AGIX traded down $2.04 on Friday, hitting $43.51. 1,000,070 shares of the stock were exchanged, compared to its average volume of 224,504. The stock has a fifty day moving average price of $46.31 and a two-hundred day moving average price of $43.88. The firm has a market capitalization of $1.01 billion, a P/E ratio of 36.18 and a beta of 1.95. KraneShares Artificial Intelligence and Technology ETF has a 52-week low of $30.89 and a 52-week high of $49.90.
Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in KraneShares Artificial Intelligence and Technology ETF in the first quarter worth about $26,216,000. Envestnet Asset Management Inc. purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the second quarter valued at approximately $7,713,000. GTS Securities LLC grew its stake in shares of KraneShares Artificial Intelligence and Technology ETF by 236.3% during the second quarter. GTS Securities LLC now owns 101,869 shares of the company’s stock valued at $4,777,000 after buying an additional 71,581 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the second quarter valued at approximately $1,275,000. Finally, SFG Wealth Management LLC. purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the second quarter worth approximately $1,090,000.
KraneShares Artificial Intelligence and Technology ETF Company Profile
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.
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