KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 53.7% in March

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 156,768 shares, an increase of 53.7% from the March 15th total of 101,978 shares. Based on an average trading volume of 133,441 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF

A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at about $3,245,000. Susquehanna International Group LLP grew its position in shares of 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 buying an additional 113,838 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after buying an additional 21,502 shares during the last quarter.

KraneShares SSE Star Market 50 Index ETF Price Performance

Shares of NYSEARCA:KSTR traded up $0.44 during mid-day trading on Tuesday, reaching $20.46. 15,813 shares of the company’s stock were exchanged, compared to its average volume of 274,683. The business’s fifty day moving average price is $19.68 and its 200-day moving average price is $19.43. KraneShares SSE Star Market 50 Index ETF has a twelve month low of $12.97 and a twelve month high of $22.13.

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.