KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Down 45.0% in June

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 81,180 shares, a decline of 45.0% from the June 15th total of 147,673 shares. Based on an average daily volume of 383,087 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in KraneShares Artificial Intelligence and Technology ETF during the first quarter valued at approximately $26,216,000. Susquehanna International Group LLP purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the third quarter worth approximately $17,766,000. LPL Financial LLC grew its position in KraneShares Artificial Intelligence and Technology ETF by 941.4% in the 4th quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock worth $4,007,000 after purchasing an additional 99,781 shares during the period. Westwind Capital purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at $1,588,000. Finally, Mainstay Capital Management LLC ADV purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter valued at $503,000.

KraneShares Artificial Intelligence and Technology ETF Price Performance

Shares of NASDAQ:AGIX opened at $44.60 on Wednesday. KraneShares Artificial Intelligence and Technology ETF has a 1 year low of $30.89 and a 1 year high of $49.67. The company has a market cap of $764.89 million, a P/E ratio of 36.18 and a beta of 1.93. The stock’s fifty day moving average price is $45.39 and its 200-day moving average price is $39.01.

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.