KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 53.7% in March

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 156,768 shares, an increase of 53.7% from the March 15th total of 101,978 shares. Based on an average trading volume of 133,441 shares, the short-interest ratio is currently 1.2 days. Approximately 3.4% of the shares of the stock are sold short.

KraneShares SSE Star Market 50 Index ETF Price Performance

KraneShares SSE Star Market 50 Index ETF stock traded up $0.44 during mid-day trading on Tuesday, reaching $20.46. 15,813 shares of the company were exchanged, compared to its average volume of 274,683. The company has a fifty day simple moving average of $19.68 and a 200-day simple moving average of $19.43. KraneShares SSE Star Market 50 Index ETF has a 12 month low of $12.97 and a 12 month high of $22.13.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC increased its stake in KraneShares SSE Star Market 50 Index ETF by 47.9% during the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after acquiring an additional 21,502 shares during the period. Susquehanna International Group LLP increased its stake in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after purchasing an additional 113,838 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at $3,245,000.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.