KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Update

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 180,746 shares, an increase of 122.6% from the June 30th total of 81,180 shares. Based on an average daily trading volume, of 171,706 shares, the short-interest ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

Several institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC acquired a new stake in KraneShares Artificial Intelligence and Technology ETF in the second quarter valued at $220,000. Bank of America Corp DE bought a new stake in KraneShares Artificial Intelligence and Technology ETF in the first quarter valued at approximately $26,216,000. Resolute Wealth Strategies LLC raised its holdings in KraneShares Artificial Intelligence and Technology ETF by 57.8% during the 1st quarter. Resolute Wealth Strategies LLC now owns 9,799 shares of the company’s stock worth $321,000 after purchasing an additional 3,590 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 1st quarter valued at $443,000. Finally, Royal Bank of Canada acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $354,000.

KraneShares Artificial Intelligence and Technology ETF Trading Down 0.9%

AGIX traded down $0.36 during trading on Wednesday, reaching $40.72. 39,078 shares of the company’s stock were exchanged, compared to its average volume of 256,246. KraneShares Artificial Intelligence and Technology ETF has a one year low of $30.89 and a one year high of $49.67. The firm has a fifty day moving average price of $45.25 and a two-hundred day moving average price of $39.44. The stock has a market capitalization of $686.13 million, a PE ratio of 36.18 and a beta of 1.93.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.