KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 99.6% in December

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 296,130 shares, a growth of 99.6% from the December 15th total of 148,362 shares. Based on an average trading volume of 74,357 shares, the days-to-cover ratio is currently 4.0 days. Approximately 11.4% of the company’s stock are short sold. Approximately 11.4% of the company’s stock are short sold. Based on an average trading volume of 74,357 shares, the days-to-cover ratio is currently 4.0 days.

KraneShares SSE Star Market 50 Index ETF Stock Up 0.2%

Shares of KSTR opened at $21.13 on Friday. KraneShares SSE Star Market 50 Index ETF has a 1 year low of $11.86 and a 1 year high of $21.43. The business’s 50 day simple moving average is $18.78 and its 200-day simple moving average is $17.61.

Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of KSTR. Prudential PLC raised its position in shares of KraneShares SSE Star Market 50 Index ETF by 7.9% during the 2nd quarter. Prudential PLC now owns 739,480 shares of the company’s stock valued at $10,218,000 after buying an additional 53,900 shares during the period. Susquehanna International Group LLP grew its holdings in KraneShares SSE Star Market 50 Index ETF by 436.0% during the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after acquiring an additional 113,838 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in KraneShares SSE Star Market 50 Index ETF in the third quarter valued at approximately $3,245,000.

About KraneShares SSE Star Market 50 Index ETF

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.