KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 195,034 shares, a decline of 47.2% from the June 30th total of 369,206 shares. Based on an average trading volume of 106,102 shares, the short-interest ratio is currently 1.8 days. Approximately 4.5% of the company’s stock are sold short.

Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of KraneShares Hang Seng TECH Index ETF by 153.4% during the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $106,000 after buying an additional 3,375 shares during the period. Cetera Investment Advisers grew its stake in KraneShares Hang Seng TECH Index ETF by 22.2% in the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock worth $311,000 after acquiring an additional 4,115 shares during the period. Osaic Holdings Inc. purchased a new stake in KraneShares Hang Seng TECH Index ETF in the 2nd quarter worth approximately $207,000. Jane Street Group LLC acquired a new position in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at $228,000. Finally, Susquehanna International Group LLP acquired a new position in KraneShares Hang Seng TECH Index ETF in the 3rd quarter valued at $350,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Trading Up 1.7%

KTEC stock traded up $0.23 on Wednesday, hitting $13.64. The company’s stock had a trading volume of 264,214 shares, compared to its average volume of 84,919. The stock has a market cap of $59.33 million, a price-to-earnings ratio of 45.47 and a beta of 0.48. The firm has a 50 day moving average of $13.06 and a two-hundred day moving average of $14.13. KraneShares Hang Seng TECH Index ETF has a 1 year low of $11.81 and a 1 year high of $19.69.

About KraneShares Hang Seng TECH Index ETF

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.