KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Reaches New 1-Year High at $38.46

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) shares hit a new 52-week high on Wednesday . The company traded as high as $38.46 and last traded at $38.46, with a volume of 4181057 shares changing hands. The stock had previously closed at $36.06.

KraneShares CSI China Internet ETF Stock Performance

The company’s 50-day moving average price is $26.82 and its 200-day moving average price is $27.74. The firm has a market capitalization of $7.59 billion, a PE ratio of 22.48 and a beta of 1.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings 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 valued at $208,500,000 after purchasing an additional 3,470,684 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in KraneShares CSI China Internet ETF during the first quarter worth approximately $9,165,000. Stamos Capital Partners L.P. lifted its position in shares of KraneShares CSI China Internet ETF by 66.3% during the 1st quarter. Stamos Capital Partners L.P. now owns 123,270 shares of the company’s stock worth $3,236,000 after buying an additional 49,160 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 1st quarter valued at $41,662,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 1st quarter valued at $1,231,000.

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.