KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 15,228 shares, a decline of 95.2% from the April 15th total of 315,175 shares. Based on an average trading volume of 191,669 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.
KraneShares Hang Seng TECH Index ETF Stock Performance
Shares of KTEC stock traded down $0.31 during midday trading on Tuesday, reaching $14.13. 16,544 shares of the company were exchanged, compared to its average volume of 88,193. The company’s 50 day moving average price is $14.00 and its two-hundred day moving average price is $15.55. The company has a market cap of $60.76 million, a P/E ratio of 47.10 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a 12 month low of $13.29 and a 12 month high of $19.69.
Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF
Several hedge funds and other institutional investors have recently bought and sold shares of KTEC. IFP Advisors Inc raised its position in shares of KraneShares Hang Seng TECH Index ETF by 153.4% during the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after purchasing an additional 3,375 shares during the period. Osaic Holdings Inc. acquired a new stake in KraneShares Hang Seng TECH Index ETF during the 2nd quarter worth about $207,000. Jane Street Group LLC purchased a new stake in KraneShares Hang Seng TECH Index ETF during the fourth quarter valued at about $228,000. Susquehanna International Group LLP acquired a new position in shares of KraneShares Hang Seng TECH Index ETF in the third quarter worth about $350,000. Finally, Cetera Investment Advisers purchased a new position in shares of KraneShares Hang Seng TECH Index ETF in the fourth quarter worth approximately $290,000. 63.86% of the stock is currently owned by institutional investors.
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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