KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 40,768 shares, a growth of 59.2% from the February 26th total of 25,606 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 107,912 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its holdings in KraneShares Hang Seng TECH Index ETF by 153.4% during the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after buying an additional 3,375 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in KraneShares Hang Seng TECH Index ETF in the second quarter valued at approximately $207,000. Jane Street Group LLC acquired a new stake in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at $228,000. Cetera Investment Advisers acquired a new stake in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at $290,000. Finally, Farther Finance Advisors LLC increased its holdings in KraneShares Hang Seng TECH Index ETF by 48.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock worth $341,000 after acquiring an additional 5,869 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Stock Down 1.9%

Shares of KTEC stock traded down $0.26 on Friday, hitting $13.37. The company had a trading volume of 63,398 shares, compared to its average volume of 71,500. KraneShares Hang Seng TECH Index ETF has a twelve month low of $12.94 and a twelve month high of $19.69. The firm has a market cap of $50.81 million, a P/E ratio of 44.57 and a beta of 0.48. The company has a 50-day moving average price of $14.95 and a 200-day moving average price of $16.48.

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.