KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,054 shares, a decrease of 95.1% from the January 15th total of 286,250 shares. Based on an average daily volume of 57,558 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 57,558 shares, the short-interest ratio is presently 0.2 days.

KraneShares Hang Seng TECH Index ETF Stock Down 2.8%

Shares of KTEC traded down $0.43 during midday trading on Thursday, reaching $15.06. 43,672 shares of the stock were exchanged, compared to its average volume of 68,340. The company has a market cap of $57.23 million, a price-to-earnings ratio of 50.20 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a 12-month low of $12.94 and a 12-month high of $19.69. The firm has a 50 day simple moving average of $16.15 and a 200-day simple moving average of $17.02.

KraneShares Hang Seng TECH Index ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a dividend of $0.5254 per share. This represents a yield of 329.0%. The ex-dividend date of this dividend was Monday, December 22nd. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio (DPR) is presently 173.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its stake in shares of KraneShares Hang Seng TECH Index ETF by 268.8% in the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after purchasing an additional 132,285 shares during the last quarter. Strait & Sound Wealth Management LLC raised its holdings in KraneShares Hang Seng TECH Index ETF by 10.5% during the second quarter. Strait & Sound Wealth Management LLC now owns 37,348 shares of the company’s stock valued at $601,000 after buying an additional 3,534 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the first quarter worth about $447,000. Susquehanna International Group LLP acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter worth about $350,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of KraneShares Hang Seng TECH Index ETF by 48.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock worth $341,000 after acquiring an additional 5,869 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

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.