KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 47,480 shares, a drop of 34.5% from the May 31st total of 72,481 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 28,143 shares, the short-interest ratio is presently 1.7 days.
KraneShares China Internet and Covered Call Strategy ETF Price Performance
KLIP opened at $23.19 on Thursday. KraneShares China Internet and Covered Call Strategy ETF has a 12 month low of $22.11 and a 12 month high of $33.56. The stock has a market capitalization of $101.11 million, a price-to-earnings ratio of 16.77 and a beta of 0.44. The business has a fifty day moving average price of $25.09 and a 200 day moving average price of $27.58.
Hedge Funds Weigh In On KraneShares China Internet and Covered Call Strategy ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% during the fourth quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock worth $161,000 after buying an additional 5,000 shares during the period. Private Advisor Group LLC raised its holdings in KraneShares China Internet and Covered Call Strategy ETF by 171.4% in the third quarter. Private Advisor Group LLC now owns 18,412 shares of the company’s stock valued at $606,000 after acquiring an additional 11,628 shares in the last quarter. Jane Street Group LLC purchased a new position in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter worth approximately $2,316,000. BLVD Private Wealth LLC lifted its stake in KraneShares China Internet and Covered Call Strategy ETF by 5.8% in the fourth quarter. BLVD Private Wealth LLC now owns 11,031 shares of the company’s stock worth $331,000 after acquiring an additional 602 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in KraneShares China Internet and Covered Call Strategy ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 175,464 shares of the company’s stock worth $5,264,000 after acquiring an additional 34,794 shares during the last quarter.
About KraneShares China Internet and Covered Call Strategy ETF
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.
Featured Articles
- Five stocks we like better than KraneShares China Internet and Covered Call Strategy ETF
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for KraneShares China Internet and Covered Call Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares China Internet and Covered Call Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
