KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Down 46.8% in July

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,078,707 shares, a drop of 46.8% from the June 30th total of 2,027,436 shares. Based on an average daily volume of 823,831 shares, the short-interest ratio is currently 1.3 days. Currently, 8.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. OLD Mission Capital LLC increased its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% during the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after acquiring an additional 21,502 shares during the last quarter. Susquehanna International Group LLP raised its stake in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in KraneShares SSE Star Market 50 Index ETF during the 3rd quarter valued at $3,245,000.

KraneShares SSE Star Market 50 Index ETF Trading Down 1.7%

KraneShares SSE Star Market 50 Index ETF stock traded down $0.42 during midday trading on Wednesday, reaching $23.92. 794,952 shares of the company’s stock were exchanged, compared to its average volume of 420,321. The stock’s 50-day simple moving average is $26.73 and its 200 day simple moving average is $22.86. KraneShares SSE Star Market 50 Index ETF has a 52 week low of $14.13 and a 52 week high of $32.54.

About KraneShares SSE Star Market 50 Index ETF

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.