Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Increases By 247.6%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 147,673 shares, an increase of 247.6% from the May 31st total of 42,480 shares. Based on an average trading volume of 675,281 shares, the short-interest ratio is currently 0.2 days. Approximately 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AGIX. ORG Partners LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the 4th quarter worth approximately $36,000. Noble Wealth Management PBC acquired a new position in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at approximately $37,000. Ankerstar Wealth LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $184,000. Advisory Services Network LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the third quarter worth $206,000. Finally, Resolute Wealth Strategies LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $225,000.

KraneShares Artificial Intelligence and Technology ETF Price Performance

Shares of NASDAQ AGIX opened at $44.79 on Friday. The business has a fifty day moving average price of $43.94 and a two-hundred day moving average price of $38.28. The stock has a market capitalization of $385.19 million, a PE ratio of 36.18 and a beta of 1.93. KraneShares Artificial Intelligence and Technology ETF has a fifty-two week low of $30.68 and a fifty-two week high of $49.67.

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.