KraneShares Global Humanoid and Embodied Intelligence Index ETF (NASDAQ:KOID) Sees Large Drop in Short Interest

KraneShares Global Humanoid and Embodied Intelligence Index ETF (NASDAQ:KOID) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 101,164 shares, a drop of 73.6% from the September 30th total of 382,797 shares. Based on an average daily volume of 154,843 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC increased its position in shares of KraneShares Global Humanoid and Embodied Intelligence Index ETF by 20.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 79,666 shares of the company’s stock valued at $2,846,000 after acquiring an additional 13,762 shares during the period. CoreCap Advisors LLC purchased a new stake in KraneShares Global Humanoid and Embodied Intelligence Index ETF in the third quarter valued at approximately $71,000. Strive Financial Group LLC acquired a new position in KraneShares Global Humanoid and Embodied Intelligence Index ETF in the 2nd quarter worth approximately $294,000. Finally, Ascentis Independent Advisors purchased a new position in KraneShares Global Humanoid and Embodied Intelligence Index ETF during the 1st quarter worth approximately $150,000.

KraneShares Global Humanoid and Embodied Intelligence Index ETF Stock Up 1.6%

Shares of KraneShares Global Humanoid and Embodied Intelligence Index ETF stock traded up $0.56 during trading on Wednesday, reaching $35.04. The company’s stock had a trading volume of 86,152 shares, compared to its average volume of 127,387. KraneShares Global Humanoid and Embodied Intelligence Index ETF has a 1-year low of $27.74 and a 1-year high of $43.32. The company has a 50-day simple moving average of $35.48 and a two-hundred day simple moving average of $36.45.

About KraneShares Global Humanoid and Embodied Intelligence Index ETF

KraneShares Trust – KraneShares Asia Robotics and Artificial Intelligence Index ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. The fund invests in public equity markets of Asia/Pacific region. The fund invests in stocks of companies operating across robotics and artificial intelligence sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Solactive Asia Robotics & Artificial Intelligence Index, by using representative sampling technique.