Short Interest in KraneShares CSI China Internet ETF (NYSE:KWEB) Drops By 25.6%

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 32,290,000 shares, a drop of 25.6% from the February 13th total of 43,400,000 shares. Currently, 13.6% of the company’s stock are sold short. Based on an average daily trading volume, of 23,953,200 shares, the short-interest ratio is currently 1.3 days.

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. Atria Investments Inc increased its stake in KraneShares CSI China Internet ETF by 9.4% in the 3rd quarter. Atria Investments Inc now owns 10,823 shares of the company’s stock valued at $368,000 after buying an additional 926 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $204,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $6,974,000. Mount Lucas Management LP grew its position in shares of KraneShares CSI China Internet ETF by 136.8% during the 3rd quarter. Mount Lucas Management LP now owns 1,385,000 shares of the company’s stock valued at $47,118,000 after acquiring an additional 800,000 shares during the period. Finally, Legacy Bridge LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $819,000.

KraneShares CSI China Internet ETF Trading Up 4.1 %

NYSE:KWEB opened at $38.29 on Tuesday. KraneShares CSI China Internet ETF has a 52 week low of $24.68 and a 52 week high of $39.17. The firm has a 50-day moving average price of $32.71 and a two-hundred day moving average price of $31.44.