KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the target of unusually large options trading activity on Friday. Stock traders purchased 318,065 call options on the stock. This is an increase of 82% compared to the typical daily volume of 174,950 call options.

KraneShares CSI China Internet ETF Stock Up 1.2%

Shares of KWEB traded up $0.35 during mid-day trading on Friday, hitting $30.45. The company had a trading volume of 45,444,114 shares, compared to its average volume of 26,058,648. The business’s 50-day simple moving average is $30.37 and its 200-day simple moving average is $35.16. KraneShares CSI China Internet ETF has a 1-year low of $27.62 and a 1-year high of $43.37. The stock has a market cap of $6.60 billion, a PE ratio of 15.95 and a beta of 0.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in KraneShares CSI China Internet ETF by 634.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC purchased a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new position in KraneShares CSI China Internet ETF in the third quarter valued at approximately $34,000. Fortitude Family Office LLC purchased a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $45,000.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.