KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 47,480 shares, a decrease of 34.5% from the May 31st total of 72,481 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 28,143 shares, the days-to-cover ratio is presently 1.7 days.

KraneShares China Internet and Covered Call Strategy ETF Stock Performance

KLIP opened at $23.18 on Friday. KraneShares China Internet and Covered Call Strategy ETF has a twelve month low of $22.11 and a twelve month high of $33.56. The firm has a market cap of $101.06 million, a price-to-earnings ratio of 16.77 and a beta of 0.44. The company has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $27.49.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter valued at about $33,000. Royal Bank of Canada raised its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% in the 4th quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock valued at $161,000 after purchasing an additional 5,000 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of KraneShares China Internet and Covered Call Strategy ETF during the 1st quarter valued at approximately $138,000. Kingswood Wealth Advisors LLC purchased a new position in shares of KraneShares China Internet and Covered Call Strategy ETF during the 4th quarter valued at approximately $326,000. Finally, BLVD Private Wealth LLC boosted its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 5.8% during the 4th quarter. BLVD Private Wealth LLC now owns 11,031 shares of the company’s stock valued at $331,000 after buying an additional 602 shares during the last quarter.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.