KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Update

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,273,955 shares, a drop of 37.3% from the May 14th total of 2,030,288 shares. Currently, 29.6% of the shares of the company are short sold. Based on an average trading volume of 712,735 shares, the days-to-cover ratio is presently 1.8 days.

KraneShares SSE Star Market 50 Index ETF Stock Performance

Shares of KraneShares SSE Star Market 50 Index ETF stock opened at $24.18 on Monday. KraneShares SSE Star Market 50 Index ETF has a 1-year low of $13.10 and a 1-year high of $26.79. The company’s fifty day simple moving average is $22.87 and its 200-day simple moving average is $20.76.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. OLD Mission Capital LLC lifted its stake in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% during the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after buying an additional 21,502 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after buying an additional 113,838 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter valued at $3,245,000.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.