KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTECGet Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 138,762 shares, an increase of 811.2% from the April 30th total of 15,228 shares. Based on an average trading volume of 89,328 shares, the short-interest ratio is presently 1.6 days. Currently, 3.2% of the shares of the company are short sold.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTEC. Jane Street Group LLC raised its stake in KraneShares Hang Seng TECH Index ETF by 268.8% during the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after acquiring an additional 132,285 shares during the period. NewEdge Advisors LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at approximately $447,000. Cetera Investment Advisers bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the fourth quarter valued at approximately $290,000. Susquehanna International Group LLP bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the third quarter valued at approximately $350,000. Finally, Osaic Holdings Inc. bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the second quarter valued at approximately $207,000. Institutional investors own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Trading Down 0.5%

NYSEARCA KTEC opened at $13.63 on Thursday. KraneShares Hang Seng TECH Index ETF has a 12 month low of $13.16 and a 12 month high of $19.69. The stock has a market cap of $58.61 million, a price-to-earnings ratio of 45.43 and a beta of 0.48. The company’s 50 day moving average is $13.91 and its two-hundred day moving average is $15.21.

KraneShares Hang Seng TECH Index ETF Company Profile

(Get Free Report)

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.

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