KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Reaches New 1-Year Low – Here’s Why

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) reached a new 52-week low on Tuesday . The stock traded as low as $25.85 and last traded at $25.92, with a volume of 5566119 shares changing hands. The stock had previously closed at $26.62.

KraneShares CSI China Internet ETF Trading Down 2.6%

The stock has a market cap of $5.83 billion, a P/E ratio of 15.95 and a beta of 0.34. The company has a 50-day moving average price of $28.22 and a two-hundred day moving average price of $31.77.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

Several hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its position in KraneShares CSI China Internet ETF by 2.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock valued at $418,000 after acquiring an additional 284 shares during the last quarter. Magnus Financial Group LLC grew its position in KraneShares CSI China Internet ETF by 2.4% in the 4th quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock valued at $541,000 after acquiring an additional 380 shares during the last quarter. TAGStone Capital Inc. grew its position in KraneShares CSI China Internet ETF by 6.1% in the 4th quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock valued at $232,000 after acquiring an additional 390 shares during the last quarter. Highline Wealth Partners LLC grew its position in KraneShares CSI China Internet ETF by 5.6% in the 4th quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock valued at $272,000 after acquiring an additional 424 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in KraneShares CSI China Internet ETF by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock valued at $289,000 after acquiring an additional 487 shares during the last quarter.

KraneShares CSI China Internet ETF Company Profile

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.