KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Stock Price Down 2% – What’s Next?

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIXGet Free Report) traded down 2% during mid-day trading on Tuesday . The stock traded as low as $42.81 and last traded at $44.53. 689,076 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 252,854 shares. The stock had previously closed at $45.42.

KraneShares Artificial Intelligence and Technology ETF Stock Down 2.0%

The company has a market cap of $382.96 million, a P/E ratio of 36.18 and a beta of 1.93. The firm’s 50 day moving average is $40.92 and its two-hundred day moving average is $37.36.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in AGIX. Bank of America Corp DE acquired a new stake in KraneShares Artificial Intelligence and Technology ETF during the 1st quarter valued at approximately $26,216,000. Resolute Wealth Strategies LLC lifted its position in shares of KraneShares Artificial Intelligence and Technology ETF by 57.8% in the 1st quarter. Resolute Wealth Strategies LLC now owns 9,799 shares of the company’s stock worth $321,000 after purchasing an additional 3,590 shares during the period. Ascentis Independent Advisors acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 1st quarter worth approximately $443,000. Royal Bank of Canada bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter valued at $354,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter valued at $184,000.

About KraneShares Artificial Intelligence and Technology ETF

(Get Free Report)

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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