KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,217 shares, a drop of 94.0% from the September 30th total of 103,041 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 40,217 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
Several large investors have recently modified their holdings of KTEC. Cetera Investment Advisers increased its stake 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 valued at $311,000 after buying an additional 4,115 shares during the period. Citadel Advisors LLC lifted its stake in KraneShares Hang Seng TECH Index ETF by 286.0% in the second quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock worth $482,000 after acquiring an additional 28,997 shares during the period. Finally, Lavelle Capital LP purchased a new stake in KraneShares Hang Seng TECH Index ETF in the first quarter worth $1,134,000. 63.86% of the stock is owned by institutional investors.
KraneShares Hang Seng TECH Index ETF Trading Down 1.2%
Shares of KTEC stock traded down $0.13 during mid-day trading on Tuesday, reaching $10.78. The stock had a trading volume of 11,254 shares, compared to its average volume of 79,903. The firm has a market capitalization of $42.58 million, a PE ratio of 35.93 and a beta of 0.47. The stock’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $13.60. KraneShares Hang Seng TECH Index ETF has a 52-week low of $10.72 and a 52-week high of $18.41.
KraneShares Hang Seng TECH Index ETF Company Profile
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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