KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Large Growth in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,030,288 shares, an increase of 729.9% from the April 30th total of 244,639 shares. Currently, 47.2% of the company’s shares are sold short. Based on an average daily volume of 454,620 shares, the days-to-cover ratio is presently 4.5 days.

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

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter valued at approximately $3,245,000. Susquehanna International Group LLP grew its position in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th 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.

KraneShares SSE Star Market 50 Index ETF Stock Performance

Shares of NYSEARCA KSTR traded down $1.37 during trading hours on Friday, hitting $25.10. 517,500 shares of the company traded hands, compared to its average volume of 308,030. The company’s 50 day moving average price is $21.73 and its 200 day moving average price is $20.35. KraneShares SSE Star Market 50 Index ETF has a 12 month low of $12.97 and a 12 month high of $26.79.

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.