KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Trading 0.8% Higher – Time to Buy?

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR)’s stock price rose 0.8% during mid-day trading on Monday . The company traded as high as $19.57 and last traded at $19.53. Approximately 78,487 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 96,318 shares. The stock had previously closed at $19.37.

KraneShares SSE Star Market 50 Index ETF Trading Up 0.8%

The company has a 50 day moving average of $18.53 and a 200 day moving average of $17.21.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Prudential PLC lifted its stake in KraneShares SSE Star Market 50 Index ETF by 7.9% in the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock worth $10,218,000 after acquiring an additional 53,900 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at $3,245,000. Finally, Susquehanna International Group LLP raised its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after purchasing an additional 113,838 shares in the last quarter.

About KraneShares SSE Star Market 50 Index ETF

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.