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

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 103,041 shares, an increase of 1,571.1% from the September 15th total of 6,166 shares. Based on an average daily volume of 131,539 shares, the short-interest ratio is presently 0.8 days. Currently, 2.6% of the shares of the stock are short sold.

KraneShares Hang Seng TECH Index ETF Trading Up 3.5%

NYSEARCA:KTEC traded up $0.40 on Friday, hitting $11.81. The company had a trading volume of 44,444 shares, compared to its average volume of 79,086. KraneShares Hang Seng TECH Index ETF has a 52 week low of $11.32 and a 52 week high of $18.70. The stock has a market capitalization of $46.65 million, a price-to-earnings ratio of 39.37 and a beta of 0.47. The firm has a 50 day moving average of $12.57 and a two-hundred day moving average of $13.15.

Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF

Large investors have recently bought and sold shares of the company. Lavelle Capital LP acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at about $1,134,000. Citadel Advisors LLC increased its stake in shares of 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 buying an additional 28,997 shares during the period. Finally, Cetera Investment Advisers raised its holdings in KraneShares Hang Seng TECH Index ETF by 22.2% in the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock valued at $311,000 after buying an additional 4,115 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

About KraneShares Hang Seng TECH Index ETF

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.