KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sees Unusually-High Trading Volume

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) shares saw an uptick in trading volume on Friday . 23,465,916 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 19,708,578 shares.The stock last traded at $34.06 and had previously closed at $32.65.

KraneShares CSI China Internet ETF Stock Up 3.9 %

The business’s fifty day moving average price is $26.51 and its 200 day moving average price is $27.60. The firm has a market capitalization of $6.73 billion, a PE ratio of 22.48 and a beta of 1.30.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

A number of institutional investors and hedge funds have recently made changes to their positions in KWEB. Alaska Permanent Fund Corp raised its holdings in KraneShares CSI China Internet ETF by 13.3% during the first quarter. Alaska Permanent Fund Corp now owns 8,380,169 shares of the company’s stock worth $219,979,000 after purchasing an additional 982,302 shares in the last quarter. Jane Street Group LLC raised its holdings in KraneShares CSI China Internet ETF by 77.6% during the first quarter. Jane Street Group LLC now owns 7,942,867 shares of the company’s stock worth $208,500,000 after purchasing an additional 3,470,684 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in KraneShares CSI China Internet ETF by 18.7% during the fourth quarter. Rafferty Asset Management LLC now owns 7,386,886 shares of the company’s stock worth $199,446,000 after purchasing an additional 1,163,591 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in KraneShares CSI China Internet ETF during the first quarter worth about $102,160,000. Finally, Coatue Management LLC raised its holdings in KraneShares CSI China Internet ETF by 0.3% during the fourth quarter. Coatue Management LLC now owns 1,664,814 shares of the company’s stock worth $44,950,000 after purchasing an additional 5,637 shares in the last quarter.

KraneShares CSI China Internet ETF Company Profile

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.