KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Shares Down 5.9% – Here’s Why

Posted by Patrick Bannon on Nov 14th, 2024

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) shares traded down 5.9% during trading on Tuesday . The company traded as low as $13.31 and last traded at $13.31. 23,925 shares changed hands during trading, an increase of 64% from the average session volume of 14,582 shares. The stock had previously closed at $14.14.

KraneShares Hang Seng TECH Index ETF Stock Performance

The firm’s 50-day moving average is $13.42 and its 200 day moving average is $12.12. The firm has a market capitalization of $7.93 million, a PE ratio of 24.93 and a beta of 1.19.

Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF

An institutional investor recently bought a new position in KraneShares Hang Seng TECH Index ETF stock. Flow Traders U.S. LLC purchased a new stake in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 58,468 shares of the company’s stock, valued at approximately $840,000. Flow Traders U.S. LLC owned 9.74% of KraneShares Hang Seng TECH Index ETF at the end of the most recent reporting period.

About KraneShares Hang Seng TECH Index ETF

(Get Free Report)

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.