KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders acquired 409,602 call options on the stock. This is an increase of approximately 358% compared to the typical volume of 89,349 call options.
KraneShares CSI China Internet ETF Trading Up 1.7%
NYSEARCA:KWEB traded up $0.42 during midday trading on Thursday, hitting $24.74. 65,996,799 shares of the stock were exchanged, compared to its average volume of 22,886,777. KraneShares CSI China Internet ETF has a one year low of $22.54 and a one year high of $40.10. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. The business has a 50-day moving average price of $24.51 and a two-hundred day moving average price of $27.87.
Institutional Trading of KraneShares CSI China Internet ETF
Several institutional investors have recently modified their holdings of the company. Rayburn West Financial Services LLC bought a new position in KraneShares CSI China Internet ETF during the second quarter valued at about $129,000. Invera Wealth Advisors LLC bought a new stake in KraneShares CSI China Internet ETF in the third quarter worth about $201,000. Kestra Advisory Services LLC lifted its holdings in KraneShares CSI China Internet ETF by 17.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,873 shares of the company’s stock valued at $252,000 after acquiring an additional 1,286 shares during the last quarter. Morton Capital Management LLC CA acquired a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at about $218,000. Finally, SFI Advisors LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $222,000.
About KraneShares CSI China Internet ETF
The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.
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