KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sees Strong Trading Volume

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) shares saw unusually-strong trading volume on Friday . Approximately 23,465,916 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 19,708,578 shares.The stock last traded at $34.06 and had previously closed at $32.65.

KraneShares CSI China Internet ETF Trading Up 3.3 %

The stock has a market capitalization of $6.69 billion, a P/E ratio of 22.48 and a beta of 1.30. The stock’s 50 day simple moving average is $26.37 and its 200 day simple moving average is $27.55.

Institutional Trading of KraneShares CSI China Internet ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Alaska Permanent Fund Corp raised its holdings in shares of KraneShares CSI China Internet ETF by 13.3% during the first quarter. Alaska Permanent Fund Corp now owns 8,380,169 shares of the company’s stock worth $219,979,000 after purchasing an additional 982,302 shares during the period. Jane Street Group LLC grew its position in shares of KraneShares CSI China Internet ETF by 77.6% during the 1st quarter. Jane Street Group LLC now owns 7,942,867 shares of the company’s stock valued at $208,500,000 after buying an additional 3,470,684 shares during the last quarter. Rafferty Asset Management LLC raised its stake in KraneShares CSI China Internet ETF by 18.7% during the fourth quarter. Rafferty Asset Management LLC now owns 7,386,886 shares of the company’s stock worth $199,446,000 after acquiring an additional 1,163,591 shares during the period. Capitolis Liquid Global Markets LLC bought a new position in KraneShares CSI China Internet ETF in the first quarter worth about $102,160,000. Finally, Bank of Nova Scotia lifted its holdings in KraneShares CSI China Internet ETF by 401.2% in the fourth quarter. Bank of Nova Scotia now owns 1,986,673 shares of the company’s stock worth $53,637,000 after acquiring an additional 1,590,320 shares during the last quarter.

About KraneShares CSI China Internet ETF

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.