KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 104,221 shares, a drop of 46.6% from the July 15th total of 195,034 shares. Based on an average daily trading volume, of 62,766 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.4% of the company’s stock are short sold.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Lavelle Capital LP bought a new position in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $1,134,000. Jane Street Group LLC lifted its stake in shares of KraneShares Hang Seng TECH Index ETF by 268.8% during the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after buying an additional 132,285 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth about $447,000. Cetera Investment Advisers bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 4th quarter worth about $290,000. Finally, Susquehanna International Group LLP bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 3rd quarter worth about $350,000. Institutional investors own 63.86% of the company’s stock.
KraneShares Hang Seng TECH Index ETF Trading Up 0.3%
Shares of KTEC traded up $0.04 during midday trading on Monday, reaching $13.30. The stock had a trading volume of 15,885 shares, compared to its average volume of 81,695. The firm has a market cap of $57.85 million, a PE ratio of 44.33 and a beta of 0.49. The firm has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $13.84. KraneShares Hang Seng TECH Index ETF has a one year low of $11.81 and a one year high of $19.69.
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.
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