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

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of unusually large options trading on Friday. Traders purchased 224,049 call options on the stock. This represents an increase of approximately 42% compared to the average volume of 157,415 call options.

KraneShares CSI China Internet ETF Trading Up 4.6%

Shares of NYSE KWEB opened at $35.63 on Friday. KraneShares CSI China Internet ETF has a fifty-two week low of $27.27 and a fifty-two week high of $43.37. The stock has a fifty day moving average of $37.40 and a 200-day moving average of $37.62.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of KraneShares CSI China Internet ETF by 12.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock valued at $299,561,000 after buying an additional 791,095 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in KraneShares CSI China Internet ETF by 80.5% in the second quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock valued at $112,382,000 after acquiring an additional 1,459,884 shares during the last quarter. Krane Funds Advisors LLC raised its position in KraneShares CSI China Internet ETF by 4.9% during the third quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock valued at $126,658,000 after purchasing an additional 151,300 shares in the last quarter. Quadrature Capital Ltd lifted its stake in KraneShares CSI China Internet ETF by 350.0% during the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after purchasing an additional 1,849,107 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth about $95,497,000.

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.