KraneShares CSI China Internet ETF Target of Unusually High Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of some unusual options trading on Friday. Investors purchased 877,180 call options on the stock. This represents an increase of 465% compared to the typical daily volume of 155,352 call options.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

A number of large investors have recently added to or reduced their stakes in the business. Quaker Wealth Management LLC raised its position in KraneShares CSI China Internet ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after acquiring an additional 2,000 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $34,000. ORG Partners LLC increased its stake in shares of KraneShares CSI China Internet ETF by 82.5% during the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock worth $40,000 after purchasing an additional 531 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of KraneShares CSI China Internet ETF by 179.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,340 shares of the company’s stock worth $47,000 after purchasing an additional 860 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in KraneShares CSI China Internet ETF by 4,640.7% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after buying an additional 1,253 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $36.50 on Friday. The business has a fifty day moving average price of $38.45 and a 200 day moving average price of $37.63. KraneShares CSI China Internet ETF has a 12 month low of $27.27 and a 12 month high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.