KraneShares CSI China Internet ETF (NYSE:KWEB) Sees Significant Decrease in Short Interest

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 22,830,000 shares, a drop of 37.1% from the December 15th total of 36,270,000 shares. Based on an average daily trading volume, of 19,737,000 shares, the days-to-cover ratio is presently 1.2 days.

KraneShares CSI China Internet ETF Stock Up 2.7 %

KraneShares CSI China Internet ETF stock opened at $28.22 on Wednesday. The business has a 50 day moving average price of $30.36 and a two-hundred day moving average price of $29.39. KraneShares CSI China Internet ETF has a 12 month low of $22.68 and a 12 month high of $39.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $282,366,000. Temasek Holdings Private Ltd boosted its holdings in KraneShares CSI China Internet ETF by 25.7% during the third quarter. Temasek Holdings Private Ltd now owns 2,793,900 shares of the company’s stock valued at $95,048,000 after purchasing an additional 572,100 shares in the last quarter. Mount Lucas Management LP grew its stake in shares of KraneShares CSI China Internet ETF by 136.8% in the 3rd quarter. Mount Lucas Management LP now owns 1,385,000 shares of the company’s stock valued at $47,118,000 after purchasing an additional 800,000 shares during the period. Coalescence Partners Investment Management LP acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $47,048,000. Finally, SG Americas Securities LLC lifted its position in shares of KraneShares CSI China Internet ETF by 739.8% during the 3rd quarter. SG Americas Securities LLC now owns 940,092 shares of the company’s stock worth $31,982,000 after buying an additional 828,151 shares during the period.