KraneShares CSI China Internet ETF (NYSE:KWEB) Short Interest Update

KraneShares CSI China Internet ETF (NYSE:KWEB) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 32,290,000 shares, a decline of 25.6% from the February 13th total of 43,400,000 shares. Based on an average trading volume of 23,953,200 shares, the short-interest ratio is presently 1.3 days. Approximately 13.6% of the shares of the stock are short sold.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSE:KWEB traded up $1.51 during trading on Monday, reaching $38.29. The stock had a trading volume of 31,877,081 shares, compared to its average volume of 27,408,355. The business has a fifty day moving average price of $32.51 and a 200-day moving average price of $31.34. KraneShares CSI China Internet ETF has a fifty-two week low of $24.68 and a fifty-two week high of $39.17.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

A number of institutional investors have recently modified their holdings of KWEB. Wilmington Savings Fund Society FSB grew its holdings in KraneShares CSI China Internet ETF by 466.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after purchasing an additional 700 shares during the period. Park Square Financial Group LLC purchased a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $35,000. Oakworth Capital Inc. purchased a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $78,000. IFP Advisors Inc grew its stake in KraneShares CSI China Internet ETF by 553.4% during the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after buying an additional 2,800 shares during the period. Finally, FMR LLC grew its stake in KraneShares CSI China Internet ETF by 51.1% during the third quarter. FMR LLC now owns 3,409 shares of the company’s stock worth $116,000 after buying an additional 1,153 shares during the period.