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 significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 32,290,000 shares, a decrease of 25.6% from the February 13th total of 43,400,000 shares. Based on an average daily volume of 23,953,200 shares, the short-interest ratio is presently 1.3 days. Currently, 13.6% of the company’s stock are sold short.

KraneShares CSI China Internet ETF Trading Up 4.1 %

Shares of NYSE KWEB opened at $38.29 on Tuesday. The firm’s 50-day moving average price is $32.71 and its 200-day moving average price is $31.44. KraneShares CSI China Internet ETF has a 1-year low of $24.68 and a 1-year high of $39.17.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in shares of KraneShares CSI China Internet ETF by 553.4% in the 4th quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after acquiring an additional 2,800 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 41.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,330 shares of the company’s stock worth $448,000 after acquiring an additional 4,510 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of KraneShares CSI China Internet ETF by 13.9% in the 4th quarter. Vontobel Holding Ltd. now owns 62,298 shares of the company’s stock worth $1,822,000 after acquiring an additional 7,617 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of KraneShares CSI China Internet ETF by 42.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,293 shares of the company’s stock worth $272,000 after acquiring an additional 2,752 shares during the last quarter. Finally, Westwind Capital raised its holdings in shares of KraneShares CSI China Internet ETF by 133.9% in the 4th quarter. Westwind Capital now owns 32,880 shares of the company’s stock worth $961,000 after acquiring an additional 18,822 shares during the last quarter.