KraneShares CSI China Internet ETF Target of Unusually High Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of some unusual options trading on Monday. Stock traders acquired 128,541 call options on the company. This represents an increase of approximately 48% compared to the average daily volume of 86,993 call options.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

Institutional investors have recently made changes to their positions in the company. DRW Securities LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the second quarter worth about $19,691,000. National Bank of Canada FI raised its holdings in KraneShares CSI China Internet ETF by 117.4% in the 2nd quarter. National Bank of Canada FI now owns 700,683 shares of the company’s stock worth $18,988,000 after purchasing an additional 378,433 shares during the period. Caxton Associates LP acquired a new position in KraneShares CSI China Internet ETF in the 2nd quarter worth about $7,008,000. Northwestern Mutual Wealth Management Co. boosted its position in KraneShares CSI China Internet ETF by 5.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 198,556 shares of the company’s stock worth $5,365,000 after purchasing an additional 9,635 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. grew its holdings in KraneShares CSI China Internet ETF by 126.1% in the second quarter. Pekin Hardy Strauss Inc. now owns 162,270 shares of the company’s stock valued at $4,385,000 after purchasing an additional 90,505 shares during the period.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSE:KWEB opened at $26.16 on Wednesday. KraneShares CSI China Internet ETF has a 12-month low of $22.68 and a 12-month high of $32.63. The firm has a 50 day moving average of $27.33.