KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sees Strong Trading Volume – Should You Buy?

Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEBGet Free Report) saw unusually-high trading volume on Friday . Approximately 10,415,670 shares traded hands during trading, a decline of 18% from the previous session’s volume of 12,753,757 shares.The stock last traded at $29.64 and had previously closed at $28.51.

KraneShares CSI China Internet ETF Price Performance

The stock has a 50 day simple moving average of $30.12 and a 200-day simple moving average of $29.41. The firm has a market cap of $5.83 billion, a PE ratio of 22.48 and a beta of 1.30.

KraneShares CSI China Internet ETF Company Profile

(Get Free Report)

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.

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