KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Shares Shorted: Short Interest Down 72.6% in September

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 6,166 shares, a drop of 72.6% from the August 31st total of 22,505 shares. Based on an average daily trading volume, of 28,478 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

KraneShares Hang Seng TECH Index ETF Stock Down 0.4%

Shares of NYSEARCA KTEC traded down $0.05 during midday trading on Friday, reaching $11.97. 36,846 shares of the company were exchanged, compared to its average volume of 80,899. The stock’s 50-day moving average price is $12.89 and its 200-day moving average price is $13.32. The stock has a market cap of $52.67 million, a P/E ratio of 39.90 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a one year low of $11.81 and a one year high of $19.69.

Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF

Several large investors have recently bought and sold shares of KTEC. Cetera Investment Advisers grew its holdings in shares of KraneShares Hang Seng TECH Index ETF by 22.2% during the first quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock worth $311,000 after purchasing an additional 4,115 shares during the last quarter. Citadel Advisors LLC increased its position in KraneShares Hang Seng TECH Index ETF by 286.0% during the 2nd quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock valued at $482,000 after purchasing an additional 28,997 shares during the period. Finally, Lavelle Capital LP bought a new position in KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $1,134,000. 63.86% of the stock is currently owned by institutional investors.

About KraneShares Hang Seng TECH Index ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for KraneShares Hang Seng TECH Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares Hang Seng TECH Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.