KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 2,027,436 shares, an increase of 155.0% from the June 15th total of 794,935 shares. Based on an average trading volume of 563,318 shares, the days-to-cover ratio is currently 3.6 days. Approximately 21.3% of the shares of the stock are short sold.
KraneShares SSE Star Market 50 Index ETF Stock Performance
KraneShares SSE Star Market 50 Index ETF stock opened at $28.47 on Tuesday. The business has a 50 day simple moving average of $26.43 and a 200-day simple moving average of $22.31. KraneShares SSE Star Market 50 Index ETF has a 12 month low of $13.49 and a 12 month high of $32.54.
Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF
A number of hedge funds have recently modified their holdings of KSTR. Citadel Advisors LLC acquired a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth approximately $3,245,000. Susquehanna International Group LLP increased its holdings 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 during the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in KraneShares SSE Star Market 50 Index ETF by 47.9% in the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after acquiring an additional 21,502 shares during the last quarter.
About KraneShares SSE Star Market 50 Index ETF
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.
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