KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 30,289 shares, a decline of 63.1% from the June 30th total of 81,987 shares. Based on an average daily volume of 29,901 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the company’s stock are short sold.
Institutional Investors Weigh In On KraneShares China Internet and Covered Call Strategy ETF
Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the 4th quarter valued at $2,316,000. LPL Financial LLC boosted its stake in KraneShares China Internet and Covered Call Strategy ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 175,464 shares of the company’s stock valued at $5,264,000 after purchasing an additional 34,794 shares during the period. Raymond James Financial Inc. grew its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 46.8% in the second quarter. Raymond James Financial Inc. now owns 65,353 shares of the company’s stock worth $2,074,000 after acquiring an additional 20,828 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in KraneShares China Internet and Covered Call Strategy ETF in the 1st quarter worth $460,000. Finally, Cetera Investment Advisers grew its position in KraneShares China Internet and Covered Call Strategy ETF by 76.1% during the fourth quarter. Cetera Investment Advisers now owns 30,587 shares of the company’s stock worth $918,000 after buying an additional 13,221 shares in the last quarter.
KraneShares China Internet and Covered Call Strategy ETF Stock Performance
Shares of KLIP opened at $24.16 on Monday. The stock has a 50-day moving average price of $24.26 and a 200 day moving average price of $26.76. The company has a market capitalization of $100.99 million, a P/E ratio of 16.77 and a beta of 0.44. KraneShares China Internet and Covered Call Strategy ETF has a one year low of $22.11 and a one year high of $33.56.
KraneShares China Internet and Covered Call Strategy ETF Company Profile
The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.
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