KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Gap Up to $27.23

KraneShares CSI China Internet ETF (NYSEARCA:KWEB)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $27.23, but opened at $29.09. KraneShares CSI China Internet ETF shares last traded at $29.06, with a volume of 16,611,273 shares.

KraneShares CSI China Internet ETF Stock Performance

The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 22.48 and a beta of 1.30. The stock’s fifty day moving average is $26.18 and its two-hundred day moving average is $27.46.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

Several large investors have recently bought and sold shares of the stock. Capitolis Liquid Global Markets LLC bought a new position in shares of KraneShares CSI China Internet ETF in the first quarter valued at approximately $102,160,000. Jane Street Group LLC lifted its position in KraneShares CSI China Internet ETF by 77.6% in the first quarter. Jane Street Group LLC now owns 7,942,867 shares of the company’s stock worth $208,500,000 after purchasing an additional 3,470,684 shares during the period. Bank of Nova Scotia boosted its stake in KraneShares CSI China Internet ETF by 401.2% during the 4th quarter. Bank of Nova Scotia now owns 1,986,673 shares of the company’s stock valued at $53,637,000 after purchasing an additional 1,590,320 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the first quarter valued at $41,662,000. Finally, Rafferty Asset Management LLC boosted 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 valued at $199,446,000 after buying an additional 1,163,591 shares in the last quarter.

KraneShares CSI China Internet ETF Company Profile

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.