KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Stock Short Interest Report for October

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 77,844 shares, a growth of 1,152.1% from the October 15th total of 6,217 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 116,676 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in KTEC. Cetera Investment Advisers raised its position in shares of KraneShares Hang Seng TECH Index ETF by 22.2% during the first quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock worth $311,000 after acquiring an additional 4,115 shares during the last quarter. Citadel Advisors LLC boosted its holdings in KraneShares Hang Seng TECH Index ETF by 286.0% in the second quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock valued at $482,000 after acquiring an additional 28,997 shares during the last quarter. Finally, Lavelle Capital LP bought a new stake in KraneShares Hang Seng TECH Index ETF in the first quarter valued at approximately $1,134,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Trading Down 1.1%

NYSEARCA:KTEC traded down $0.13 during trading hours on Wednesday, hitting $11.31. 10,692 shares of the company were exchanged, compared to its average volume of 92,398. The stock has a market capitalization of $33.93 million, a price-to-earnings ratio of 37.70 and a beta of 0.49. KraneShares Hang Seng TECH Index ETF has a one year low of $10.57 and a one year high of $17.70. The company has a fifty day simple moving average of $11.69 and a 200 day simple moving average of $13.31.

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.