KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report)’s share price were up 0.1% on Thursday . The company traded as high as $12.88 and last traded at $12.78. 48,340 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 86,723 shares. The stock had previously closed at $12.77.
KraneShares Hang Seng TECH Index ETF Trading Up 0.1%
The company has a fifty day moving average of $13.81 and a 200-day moving average of $14.82. The company has a market capitalization of $54.95 million, a price-to-earnings ratio of 42.60 and a beta of 0.47.
Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF
Several hedge funds and other institutional investors have recently made changes to their positions in KTEC. Jane Street Group LLC increased its position in shares of KraneShares Hang Seng TECH Index ETF by 268.8% during the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after purchasing an additional 132,285 shares in the last quarter. Lavelle Capital LP acquired a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter worth $1,134,000. NewEdge Advisors LLC acquired a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter worth $447,000. Cetera Investment Advisers grew its holdings in shares of KraneShares Hang Seng TECH Index ETF by 22.2% during the first quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock worth $311,000 after buying an additional 4,115 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF during the third quarter worth $350,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.
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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