KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Shares Up 2.3% – Time to Buy?

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) shares shot up 2.3% during mid-day trading on Wednesday . The stock traded as high as $34.72 and last traded at $34.39. 98,325 shares were traded during mid-day trading, a decline of 8% from the average session volume of 106,860 shares. The stock had previously closed at $33.62.

KraneShares Artificial Intelligence and Technology ETF Stock Up 2.3%

The firm has a market capitalization of $151.32 million, a PE ratio of 36.18 and a beta of 1.77. The company’s 50-day simple moving average is $35.52 and its 200 day simple moving average is $36.03.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a $0.4377 dividend. This represents a yield of 119.0%. The ex-dividend date was Monday, December 22nd.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AGIX. ORG Partners LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth $36,000. Noble Wealth Management PBC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at about $37,000. Ankerstar Wealth LLC acquired a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth about $184,000. Advisory Services Network LLC purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the third quarter worth about $206,000. Finally, Resolute Wealth Strategies LLC purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth about $225,000.

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.