KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report)’s stock price traded up 0.8% during mid-day trading on Thursday . The company traded as high as $13.09 and last traded at $13.09. Approximately 22,080 shares changed hands during trading, a decline of 75% from the average session volume of 88,538 shares. The stock had previously closed at $12.99.
KraneShares Hang Seng TECH Index ETF Price Performance
The firm has a market capitalization of $53.67 million, a PE ratio of 43.63 and a beta of 0.48. The company has a fifty day moving average of $13.31 and a 200-day moving average of $14.39.
Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in KTEC. IFP Advisors Inc raised its stake in shares of KraneShares Hang Seng TECH Index ETF by 153.4% during the 3rd quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after purchasing an additional 3,375 shares in the last quarter. Osaic Holdings Inc. bought a new stake in shares of KraneShares Hang Seng TECH Index ETF in the 2nd quarter valued at approximately $207,000. Jane Street Group LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at approximately $228,000. Susquehanna International Group LLP acquired a new position in KraneShares Hang Seng TECH Index ETF in the third quarter worth approximately $350,000. Finally, Cetera Investment Advisers acquired a new position in KraneShares Hang Seng TECH Index ETF in the fourth quarter worth approximately $290,000. 63.86% of the stock is owned by hedge funds and other institutional investors.
KraneShares Hang Seng TECH Index ETF Company Profile
The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.
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