Short Interest in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Expands By 1,101.7%

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 315,175 shares, an increase of 1,101.7% from the March 31st total of 26,228 shares. Approximately 8.1% of the company’s stock are short sold. Based on an average trading volume of 100,580 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Trading of KraneShares Hang Seng TECH Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in shares of KraneShares Hang Seng TECH Index ETF by 153.4% in the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after acquiring an additional 3,375 shares during the period. Osaic Holdings Inc. purchased a new position in shares of KraneShares Hang Seng TECH Index ETF during the 2nd quarter valued at about $207,000. Jane Street Group LLC purchased a new position in shares of KraneShares Hang Seng TECH Index ETF during the 4th quarter valued at about $228,000. Farther Finance Advisors LLC lifted its holdings in shares of KraneShares Hang Seng TECH Index ETF by 48.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after buying an additional 5,869 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter worth about $350,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

KraneShares Hang Seng TECH Index ETF Trading Up 1.2%

Shares of KTEC traded up $0.17 during midday trading on Friday, hitting $14.00. 91,424 shares of the company’s stock traded hands, compared to its average volume of 87,558. The stock has a market capitalization of $54.60 million, a price-to-earnings ratio of 46.67 and a beta of 0.50. KraneShares Hang Seng TECH Index ETF has a 1 year low of $13.29 and a 1 year high of $19.69. The firm’s fifty day moving average is $14.21 and its 200-day moving average is $15.88.

KraneShares Hang Seng TECH Index ETF Company Profile

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.