KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,030,288 shares, a growth of 729.9% from the April 30th total of 244,639 shares. Approximately 47.2% of the company’s stock are short sold. Based on an average daily volume of 454,620 shares, the short-interest ratio is currently 4.5 days.
KraneShares SSE Star Market 50 Index ETF Stock Performance
KSTR opened at $25.10 on Friday. The stock has a fifty day moving average of $21.73 and a 200-day moving average of $20.35. KraneShares SSE Star Market 50 Index ETF has a 12-month low of $12.97 and a 12-month high of $26.79.
Institutional Trading of KraneShares SSE Star Market 50 Index ETF
A number of hedge funds have recently made changes to their positions in KSTR. Citadel Advisors LLC purchased a new stake in shares of KraneShares SSE Star Market 50 Index ETF in the third quarter worth approximately $3,245,000. Susquehanna International Group LLP lifted its position in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% in the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after purchasing an additional 113,838 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% in the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after purchasing an additional 21,502 shares in the last quarter.
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.
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