KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Trading Up 3.5% – Here’s What Happened

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) shares were up 3.5% during mid-day trading on Tuesday . The stock traded as high as $25.78 and last traded at $25.55. Approximately 529,427 shares were traded during trading, an increase of 95% from the average daily volume of 271,588 shares. The stock had previously closed at $24.69.

KraneShares SSE Star Market 50 Index ETF Trading Down 2.9%

The firm’s fifty day moving average price is $20.94 and its 200-day moving average price is $20.06.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of KraneShares SSE Star Market 50 Index ETF during the third quarter valued at about $3,245,000. Susquehanna International Group LLP raised its stake in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after purchasing an additional 113,838 shares in the last quarter. Finally, OLD Mission Capital LLC raised its stake in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% during the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after purchasing an additional 21,502 shares in the last quarter.

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.