KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Trading Down 0.5% – Here’s What Happened

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) fell 0.5% during mid-day trading on Monday . The company traded as low as $16.80 and last traded at $16.83. 121,692 shares changed hands during trading, an increase of 266% from the average session volume of 33,246 shares. The stock had previously closed at $16.92.

KraneShares Hang Seng TECH Index ETF Stock Performance

The firm has a market capitalization of $27.77 million, a price-to-earnings ratio of 21.45 and a beta of 0.44. The company has a 50-day moving average price of $15.97 and a 200-day moving average price of $14.33.

Institutional Trading of 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 bought a new stake in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 58,468 shares of the company’s stock, valued at approximately $840,000. Flow Traders U.S. LLC owned about 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

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.