KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Large Increase in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,027,436 shares, a growth of 155.0% from the June 15th total of 794,935 shares. Currently, 21.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 563,318 shares, the short-interest ratio is presently 3.6 days.

KraneShares SSE Star Market 50 Index ETF Trading Down 5.0%

KSTR stock traded down $1.38 during trading on Thursday, reaching $26.02. The company’s stock had a trading volume of 169,525 shares, compared to its average volume of 384,101. The company’s fifty day moving average is $26.61 and its 200-day moving average is $22.45. KraneShares SSE Star Market 50 Index ETF has a 1 year low of $13.49 and a 1 year high of $32.54.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

Several institutional investors have recently made changes to their positions in KSTR. OLD Mission Capital LLC raised 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 valued at $1,236,000 after purchasing an additional 21,502 shares during the period. Susquehanna International Group LLP boosted its stake in 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 worth $2,814,000 after purchasing an additional 113,838 shares during the period. Finally, Citadel Advisors LLC bought a new position in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter worth approximately $3,245,000.

About KraneShares SSE Star Market 50 Index ETF

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.