KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 155.0% in June

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,027,436 shares, a growth of 155.0% from the June 15th total of 794,935 shares. Approximately 21.3% of the shares of the stock are short sold. Based on an average daily volume of 563,318 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth about $3,245,000. Susquehanna International Group LLP raised its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the third 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 raised its stake 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 purchasing an additional 21,502 shares during the last quarter.

KraneShares SSE Star Market 50 Index ETF Trading Down 5.3%

Shares of KSTR stock traded down $1.54 during trading hours on Wednesday, hitting $27.40. 865,515 shares of the company’s stock were exchanged, compared to its average volume of 386,397. KraneShares SSE Star Market 50 Index ETF has a fifty-two week low of $13.49 and a fifty-two week high of $32.54. The firm has a 50 day moving average of $26.61 and a two-hundred day moving average of $22.45.

KraneShares SSE Star Market 50 Index ETF Company Profile

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.