KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Shares Down 1.3% – Should You Sell?

Shares of KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) fell 1.3% on Monday . The stock traded as low as $42.40 and last traded at $43.02. 333,961 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 184,323 shares. The stock had previously closed at $43.60.

KraneShares Artificial Intelligence and Technology ETF Stock Up 2.4%

The company has a market capitalization of $376.08 million, a P/E ratio of 36.18 and a beta of 1.78. The company’s 50-day moving average is $37.39 and its two-hundred day moving average is $36.44.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AGIX. Bank of America Corp DE purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the first quarter worth approximately $26,216,000. Susquehanna International Group LLP purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the third quarter worth approximately $17,766,000. LPL Financial LLC boosted its stake in KraneShares Artificial Intelligence and Technology ETF by 941.4% in the fourth quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock worth $4,007,000 after buying an additional 99,781 shares in the last quarter. Westwind Capital purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth approximately $1,588,000. Finally, Mainstay Capital Management LLC ADV purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the third quarter worth approximately $503,000.

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.