KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Update

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,182,343 shares, an increase of 102.3% from the July 15th total of 1,078,707 shares. Based on an average trading volume of 1,080,882 shares, the short-interest ratio is currently 2.0 days. Approximately 14.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC grew its position in KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after purchasing an additional 21,502 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after buying an additional 113,838 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter worth approximately $3,245,000.

KraneShares SSE Star Market 50 Index ETF Price Performance

KSTR traded down $0.05 during mid-day trading on Friday, reaching $24.76. 517,749 shares of the stock were exchanged, compared to its average volume of 498,089. KraneShares SSE Star Market 50 Index ETF has a 1 year low of $15.02 and a 1 year high of $32.54. The company has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $23.14.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.