KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sets New 52-Week Low – Should You Sell?

Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.22 and last traded at $26.24, with a volume of 6971928 shares changing hands. The stock had previously closed at $26.38.

KraneShares CSI China Internet ETF Price Performance

The stock has a market capitalization of $5.88 billion, a P/E ratio of 15.95 and a beta of 0.34. The business’s 50 day simple moving average is $28.43 and its 200-day simple moving average is $32.22.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $34,000. SBI Securities Co. Ltd. grew its holdings in shares of KraneShares CSI China Internet ETF by 634.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at $32,000. Fortitude Family Office LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at $45,000.

About KraneShares CSI China Internet ETF

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.