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

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 123,724 call options on the company. This is an increase of approximately 51% compared to the typical daily volume of 81,828 call options.

KraneShares CSI China Internet ETF Stock Performance

KraneShares CSI China Internet ETF stock opened at $26.88 on Friday. The company has a fifty day moving average of $26.23. KraneShares CSI China Internet ETF has a 1 year low of $22.68 and a 1 year high of $32.63.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KWEB. International Assets Investment Management LLC purchased a new stake in KraneShares CSI China Internet ETF in the 2nd quarter valued at about $31,000. Mather Group LLC. boosted its stake in KraneShares CSI China Internet ETF by 243.9% in the 2nd quarter. Mather Group LLC. now owns 1,221 shares of the company’s stock worth $32,000 after buying an additional 866 shares during the last quarter. Friedenthal Financial purchased a new position in shares of KraneShares CSI China Internet ETF in the 2nd quarter worth about $119,000. EverSource Wealth Advisors LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 91,900.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,600 shares of the company’s stock worth $128,000 after purchasing an additional 4,595 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of KraneShares CSI China Internet ETF by 17.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,700 shares of the company’s stock valued at $128,000 after buying an additional 710 shares during the period.