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 significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 25,476 shares, an increase of 355.4% from the January 15th total of 5,594 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 111,345 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 111,345 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s shares are short sold.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

Shares of NASDAQ AGIX opened at $33.99 on Friday. The firm has a market cap of $149.56 million, a P/E ratio of 36.18 and a beta of 1.77. KraneShares Artificial Intelligence and Technology ETF has a 1 year low of $20.82 and a 1 year high of $40.01. The firm’s 50 day moving average price is $36.17 and its 200 day moving average price is $35.83.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

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

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several institutional investors have recently added to or reduced their stakes in AGIX. ORG Partners LLC acquired a new stake in KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth about $36,000. Noble Wealth Management PBC purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 4th quarter worth about $37,000. Ankerstar Wealth LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth approximately $184,000. Advisory Services Network LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter worth approximately $206,000. Finally, Resolute Wealth Strategies LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at approximately $225,000.

About KraneShares Artificial Intelligence and Technology ETF

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.