KraneShares CSI China Internet ETF Sees Unusually High Options Volume (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) saw some unusual options trading activity on Thursday. Investors purchased 594,865 call options on the stock. This is an increase of approximately 266% compared to the typical volume of 162,528 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise increased its holdings in shares of KraneShares CSI China Internet ETF by 2.9% during the third quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock valued at $418,000 after purchasing an additional 284 shares during the period. 180 Wealth Advisors LLC grew its position in KraneShares CSI China Internet ETF by 1.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 34,697 shares of the company’s stock valued at $1,458,000 after buying an additional 340 shares in the last quarter. Magnus Financial Group LLC increased its stake in KraneShares CSI China Internet ETF by 2.4% during the 4th quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock valued at $541,000 after buying an additional 380 shares during the period. Highline Wealth Partners LLC raised its position in shares of KraneShares CSI China Internet ETF by 5.6% during the 4th quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock worth $272,000 after buying an additional 424 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock worth $289,000 after acquiring an additional 487 shares during the period.

KraneShares CSI China Internet ETF Stock Up 2.8%

KWEB stock opened at $34.31 on Friday. The firm’s 50-day simple moving average is $35.83 and its 200 day simple moving average is $37.83. KraneShares CSI China Internet ETF has a fifty-two week low of $27.83 and a fifty-two week 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.