KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 132,851 shares, a growth of 145.3% from the February 26th total of 54,161 shares. Based on an average daily volume of 93,183 shares, the short-interest ratio is currently 1.4 days. Approximately 3.0% of the company’s stock are sold short.
Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF
Several hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth $36,000. Noble Wealth Management PBC purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth about $37,000. Ankerstar Wealth LLC purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth about $184,000. Advisory Services Network LLC bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter worth about $206,000. Finally, Resolute Wealth Strategies LLC bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth about $225,000.
KraneShares Artificial Intelligence and Technology ETF Stock Up 0.8%
Shares of AGIX opened at $33.88 on Thursday. The stock has a market cap of $149.07 million, a P/E ratio of 36.18 and a beta of 1.77. The business’s 50 day moving average price is $34.76 and its 200-day moving average price is $36.13. KraneShares Artificial Intelligence and Technology ETF has a 52 week low of $20.82 and a 52 week high of $40.01.
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.
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