KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 47,480 shares, a decline of 34.5% from the May 31st total of 72,481 shares. Based on an average trading volume of 28,143 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in KraneShares China Internet and Covered Call Strategy ETF by 152.0% during the 1st quarter. Royal Bank of Canada now owns 13,496 shares of the company’s stock worth $347,000 after buying an additional 8,140 shares during the last quarter. Cetera Investment Advisers lifted its stake in KraneShares China Internet and Covered Call Strategy ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 31,107 shares of the company’s stock valued at $799,000 after buying an additional 520 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in KraneShares China Internet and Covered Call Strategy ETF in the first quarter valued at approximately $138,000. Private Advisor Group LLC boosted its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 2.4% in the first quarter. Private Advisor Group LLC now owns 20,765 shares of the company’s stock valued at $534,000 after acquiring an additional 484 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the first quarter valued at approximately $460,000.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

NYSEARCA KLIP opened at $23.19 on Thursday. KraneShares China Internet and Covered Call Strategy ETF has a 1 year low of $22.11 and a 1 year high of $33.56. The company has a market capitalization of $101.11 million, a PE ratio of 16.77 and a beta of 0.44. The company has a fifty day moving average of $25.09 and a two-hundred day moving average of $27.58.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.