KraneShares CSI China Internet ETF (NYSE:KWEB) Short Interest Update

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KWEB. Atria Investments Inc boosted its stake in shares of KraneShares CSI China Internet ETF by 9.4% in the third quarter. Atria Investments Inc now owns 10,823 shares of the company’s stock valued at $368,000 after purchasing an additional 926 shares during the period. Apollon Wealth Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the third quarter valued at $204,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in KraneShares CSI China Internet ETF in the third quarter valued at $6,974,000. Mount Lucas Management LP raised its holdings in KraneShares CSI China Internet ETF by 136.8% in the third 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 in the last quarter. Finally, Legacy Bridge LLC acquired a new stake in KraneShares CSI China Internet ETF in the third quarter valued at $819,000.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB stock traded up $1.51 on Monday, hitting $38.29. The stock had a trading volume of 31,877,081 shares, compared to its average volume of 27,408,355. The stock’s 50 day moving average is $32.51 and its 200-day moving average is $31.34. KraneShares CSI China Internet ETF has a 52-week low of $24.68 and a 52-week high of $39.17.