Traders Buy Large Volume of KraneShares CSI China Internet ETF Call Options (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the recipient of some unusual options trading on Tuesday. Investors acquired 280,168 call options on the stock. This represents an increase of approximately 48% compared to the average daily volume of 188,720 call options.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KWEB. Bank of America Corp DE grew its stake in KraneShares CSI China Internet ETF by 32.1% in the 1st quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after acquiring an additional 2,693,759 shares during the period. Temasek Holdings Private Ltd lifted its holdings in KraneShares CSI China Internet ETF by 98.5% during the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after purchasing an additional 3,225,790 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Rafferty Asset Management LLC now owns 4,302,191 shares of the company’s stock valued at $146,490,000 after purchasing an additional 247,264 shares during the period. Krane Funds Advisors LLC grew its position in shares of KraneShares CSI China Internet ETF by 19.6% in the fourth quarter. Krane Funds Advisors LLC now owns 3,856,700 shares of the company’s stock valued at $131,321,000 after purchasing an additional 631,799 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of KraneShares CSI China Internet ETF by 0.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock worth $123,365,000 after purchasing an additional 12,467 shares in the last quarter.

KraneShares CSI China Internet ETF Trading Up 0.7%

NYSEARCA KWEB opened at $24.47 on Wednesday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a twelve month low of $23.23 and a twelve month high of $43.37. The stock has a 50-day moving average of $27.28 and a 200 day moving average of $30.78.

KraneShares CSI China Internet ETF Company Profile

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.