KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 280,168 call options on the stock. This is an increase of 48% compared to the typical volume of 188,720 call options.
Institutional Trading of KraneShares CSI China Internet ETF
Several institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in shares of KraneShares CSI China Internet ETF by 634.2% in the 4th 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 bought a new position in KraneShares CSI China Internet ETF in the fourth quarter worth about $32,000. JPL Wealth Management LLC acquired a new position in KraneShares CSI China Internet ETF in the third quarter valued at approximately $34,000. Fortitude Family Office LLC acquired a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $45,000.
KraneShares CSI China Internet ETF Stock Up 1.0%
NYSEARCA:KWEB traded up $0.25 during trading hours on Tuesday, reaching $24.55. 14,015,518 shares of the stock were exchanged, compared to its average volume of 26,158,264. The firm has a 50 day simple moving average of $27.40 and a 200-day simple moving average of $30.87. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The stock has a market capitalization of $5.52 billion, a P/E ratio of 15.95 and a beta of 0.34.
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.
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