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

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

KraneShares Artificial Intelligence and Technology ETF Stock Performance

AGIX stock opened at $44.60 on Wednesday. KraneShares Artificial Intelligence and Technology ETF has a fifty-two week low of $30.89 and a fifty-two week high of $49.67. The business’s 50-day moving average is $45.39 and its two-hundred day moving average is $39.01. The company has a market cap of $764.89 million, a price-to-earnings ratio of 36.18 and a beta of 1.93.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth approximately $36,000. Noble Wealth Management PBC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at approximately $37,000. Ankerstar Wealth LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at approximately $184,000. Advisory Services Network LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF during the third quarter valued at approximately $206,000. Finally, Dynamic Advisor Solutions LLC bought a new position in KraneShares Artificial Intelligence and Technology ETF in the second quarter worth approximately $220,000.

About KraneShares Artificial Intelligence and Technology ETF

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.