KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Update

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 1,273,955 shares, a drop of 37.3% from the May 14th total of 2,030,288 shares. Based on an average daily volume of 712,735 shares, the short-interest ratio is presently 1.8 days. Currently, 29.6% of the shares of the stock are short sold.

KraneShares SSE Star Market 50 Index ETF Trading Up 4.7%

Shares of KSTR traded up $1.18 during mid-day trading on Wednesday, reaching $26.48. The company had a trading volume of 118,593 shares, compared to its average volume of 330,031. The company’s 50 day simple moving average is $23.16 and its 200 day simple moving average is $20.87. KraneShares SSE Star Market 50 Index ETF has a 1-year low of $13.10 and a 1-year high of $26.79.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

Several large investors have recently bought and sold shares of KSTR. Citadel Advisors LLC bought a new position in KraneShares SSE Star Market 50 Index ETF in the third quarter valued at about $3,245,000. Susquehanna International Group LLP raised its position in KraneShares SSE Star Market 50 Index ETF by 436.0% in the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after purchasing an additional 113,838 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in KraneShares SSE Star Market 50 Index ETF by 47.9% in the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after purchasing an additional 21,502 shares during the last quarter.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.