KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Sees Large Increase in Short Interest

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 34,955 shares, a growth of 30.1% from the December 15th total of 26,876 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 20,806 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 20,806 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter worth about $17,766,000. Westwind Capital bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth approximately $1,588,000. Mainstay Capital Management LLC ADV acquired a new position in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter worth $503,000. Jane Street Group LLC lifted its holdings in KraneShares Artificial Intelligence and Technology ETF by 43.1% during the 1st quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock worth $1,048,000 after buying an additional 12,867 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter valued at $253,000.

KraneShares Artificial Intelligence and Technology ETF Price Performance

NASDAQ AGIX opened at $36.37 on Friday. The stock’s 50 day simple moving average is $36.42 and its 200 day simple moving average is $35.38. KraneShares Artificial Intelligence and Technology ETF has a one year low of $20.82 and a one year high of $40.01. The firm has a market cap of $130.93 million, a PE ratio of 36.18 and a beta of 1.77.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were issued a $0.4377 dividend. This represents a dividend yield of 119.0%. The ex-dividend date of this dividend was Monday, December 22nd.

KraneShares Artificial Intelligence and Technology ETF Company Profile

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.