KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of unusually large options trading on Friday. Investors acquired 224,049 call options on the company. This is an increase of approximately 42% compared to the typical daily volume of 157,415 call options.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in KraneShares CSI China Internet ETF by 83.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock valued at $641,000 after acquiring an additional 8,479 shares during the last quarter. Soros Fund Management LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 30.2% in the 2nd quarter. Soros Fund Management LLC now owns 293,404 shares of the company’s stock valued at $10,073,000 after purchasing an additional 68,000 shares in the last quarter. KG&L Capital Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 2nd quarter valued at approximately $443,000. Apollon Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $844,000. Finally, ABC Arbitrage SA lifted its stake in KraneShares CSI China Internet ETF by 5.0% in the 2nd quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,600 shares during the last quarter.

KraneShares CSI China Internet ETF Trading Up 4.6%

Shares of NYSE KWEB opened at $35.63 on Friday. The stock has a 50 day moving average of $37.40 and a 200-day moving average of $37.64. KraneShares CSI China Internet ETF has a 12 month low of $27.27 and a 12 month high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.