Short Interest in KraneShares CSI China Internet ETF (NYSE:KWEB) Decreases By 18.8%

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 26,230,000 shares, a decrease of 18.8% from the February 28th total of 32,290,000 shares. Currently, 11.2% of the shares of the stock are short sold. Based on an average daily volume of 24,427,300 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its holdings in KraneShares CSI China Internet ETF by 466.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after acquiring an additional 700 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $35,000. Oakworth Capital Inc. acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter worth approximately $78,000. IFP Advisors Inc grew its position in shares of KraneShares CSI China Internet ETF by 553.4% during the 4th quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after buying an additional 2,800 shares during the period. Finally, FMR LLC raised its stake in shares of KraneShares CSI China Internet ETF by 51.1% during the third quarter. FMR LLC now owns 3,409 shares of the company’s stock worth $116,000 after buying an additional 1,153 shares during the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of KraneShares CSI China Internet ETF stock opened at $34.91 on Tuesday. The firm has a 50 day simple moving average of $34.23 and a 200 day simple moving average of $32.18. KraneShares CSI China Internet ETF has a fifty-two week low of $24.68 and a fifty-two week high of $39.17.