KraneShares CSI China Internet ETF Sees Unusually Large Options Volume (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 275,831 call options on the stock. This represents an increase of approximately 57% compared to the average daily volume of 175,343 call options.

KraneShares CSI China Internet ETF Trading Up 3.8%

NYSEARCA KWEB traded up $1.08 on Wednesday, hitting $29.61. 32,931,899 shares of the company were exchanged, compared to its average volume of 25,360,270. The firm has a 50 day moving average of $29.41 and a two-hundred day moving average of $34.11. The company has a market cap of $6.65 billion, a P/E ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 1-year low of $27.62 and a 1-year high of $43.37.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

A number of large investors have recently modified their holdings of KWEB. JPL Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $34,000. SBI Securities Co. Ltd. raised its stake in shares of KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at $32,000. Golden State Wealth Management LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 4,640.7% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after purchasing an additional 1,253 shares during the period. Finally, Fortitude Family Office LLC bought a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter worth $45,000.

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.