KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 195,034 shares, a decrease of 47.2% from the June 30th total of 369,206 shares. Based on an average trading volume of 106,102 shares, the short-interest ratio is presently 1.8 days. Approximately 4.5% of the company’s shares are short sold.
KraneShares Hang Seng TECH Index ETF Stock Up 1.7%
Shares of KTEC stock traded up $0.23 during mid-day trading on Wednesday, reaching $13.64. The company’s stock had a trading volume of 264,214 shares, compared to its average volume of 84,919. The firm has a market capitalization of $59.33 million, a PE ratio of 45.47 and a beta of 0.48. The company’s 50 day simple moving average is $13.06 and its 200-day simple moving average is $14.13. KraneShares Hang Seng TECH Index ETF has a 12-month low of $11.81 and a 12-month high of $19.69.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new position in KraneShares Hang Seng TECH Index ETF in the 1st quarter worth $447,000. Jane Street Group LLC increased its position in shares of KraneShares Hang Seng TECH Index ETF by 268.8% during the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after acquiring an additional 132,285 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF during the second quarter worth about $207,000. Susquehanna International Group LLP purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF during the third quarter worth about $350,000. Finally, IFP Advisors Inc lifted its stake in shares of KraneShares Hang Seng TECH Index ETF by 153.4% in the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after acquiring an additional 3,375 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than KraneShares Hang Seng TECH Index ETF
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for KraneShares Hang Seng TECH Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares Hang Seng TECH Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
