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

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 64,100,000 shares, an increase of 214.4% from the September 15th total of 20,390,000 shares. Based on an average daily volume of 23,764,400 shares, the days-to-cover ratio is presently 2.7 days.

KraneShares CSI China Internet ETF Trading Up 0.9 %

NYSE:KWEB traded up $0.32 during trading hours on Friday, hitting $35.01. 27,932,486 shares of the stock were exchanged, compared to its average volume of 21,679,912. KraneShares CSI China Internet ETF has a 52-week low of $22.68 and a 52-week high of $39.17. The business’s fifty day simple moving average is $28.28.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the second quarter valued at $31,000. Mather Group LLC. raised its stake in shares of KraneShares CSI China Internet ETF by 243.9% in the second quarter. Mather Group LLC. now owns 1,221 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares in the last quarter. M&R Capital Management Inc. acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter valued at $34,000. Friedenthal Financial acquired a new stake in KraneShares CSI China Internet ETF in the second quarter valued at $119,000. Finally, EverSource Wealth Advisors LLC raised its stake in KraneShares CSI China Internet ETF by 91,900.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,600 shares of the company’s stock valued at $128,000 after buying an additional 4,595 shares in the last quarter.