KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Stock Short Interest Drops 42.2%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 166,814 shares, a decline of 42.2% from the September 15th total of 288,747 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 95,935 shares, the short-interest ratio is currently 1.7 days.

KraneShares Artificial Intelligence and Technology ETF Trading Up 0.0%

Shares of KraneShares Artificial Intelligence and Technology ETF stock opened at $45.55 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 36.18 and a beta of 1.95. The stock has a fifty day simple moving average of $46.34 and a 200 day simple moving average of $43.89. KraneShares Artificial Intelligence and Technology ETF has a 12-month low of $30.89 and a 12-month high of $49.90.

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the first quarter valued at about $26,216,000. Envestnet Asset Management Inc. bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the second quarter valued at about $7,713,000. GTS Securities LLC boosted its holdings in KraneShares Artificial Intelligence and Technology ETF by 236.3% during the second quarter. GTS Securities LLC now owns 101,869 shares of the company’s stock worth $4,777,000 after purchasing an additional 71,581 shares during the last quarter. NewEdge Advisors LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the second quarter worth about $1,275,000. Finally, SFG Wealth Management LLC. purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the second quarter worth about $1,090,000.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.