KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report)’s share price were down 3.1% during mid-day trading on Tuesday . The company traded as low as $12.32 and last traded at $12.35. 38,150 shares traded hands during trading, a decline of 51% from the average daily volume of 78,593 shares. The stock had previously closed at $12.75.
KraneShares Hang Seng TECH Index ETF Price Performance
The company’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $13.51. The stock has a market capitalization of $52.03 million, a PE ratio of 39.87 and a beta of 0.48.
Institutional Trading of KraneShares Hang Seng TECH Index ETF
A number of hedge funds have recently bought and sold shares of KTEC. Osaic Holdings Inc. purchased a new position in KraneShares Hang Seng TECH Index ETF in the 2nd quarter worth approximately $207,000. Jane Street Group LLC purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF in the fourth quarter valued at approximately $228,000. Susquehanna International Group LLP acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter valued at approximately $350,000. Cetera Investment Advisers acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the fourth quarter valued at approximately $290,000. Finally, NewEdge Advisors LLC purchased a new position in KraneShares Hang Seng TECH Index ETF during the first quarter worth approximately $447,000. Institutional investors and hedge funds own 63.86% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than KraneShares Hang Seng TECH Index ETF
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
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.
