Short Interest in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Grows By 30.1%

by · The Markets Daily

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 48,418 shares, an increase of 30.1% from the November 30th total of 37,204 shares. Based on an average trading volume of 29,052 shares, the short-interest ratio is currently 1.7 days. Approximately 1.4% of the shares of the stock are sold short. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 29,052 shares, the short-interest ratio is currently 1.7 days.

KraneShares Hang Seng TECH Index ETF Stock Down 1.5%

Shares of NYSEARCA:KTEC traded down $0.24 during trading on Wednesday, reaching $15.66. 47,370 shares of the company traded hands, compared to its average volume of 67,493. The firm has a market capitalization of $54.81 million, a PE ratio of 52.20 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a 52 week low of $12.60 and a 52 week high of $19.69. The company’s 50 day moving average is $16.78 and its two-hundred day moving average is $17.05.

KraneShares Hang Seng TECH Index ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a dividend of $0.5254 per share. This represents a yield of 329.0%. The ex-dividend date was Monday, December 22nd. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio is presently 173.33%.

Institutional Trading of KraneShares Hang Seng TECH Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in KTEC. Strait & Sound Wealth Management LLC boosted its position in shares of KraneShares Hang Seng TECH Index ETF by 10.5% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 37,348 shares of the company’s stock worth $601,000 after acquiring an additional 3,534 shares in the last quarter. IFP Advisors Inc lifted its stake in KraneShares Hang Seng TECH Index ETF by 153.4% during the third quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $106,000 after purchasing an additional 3,375 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the 1st quarter valued at $447,000. Jane Street Group LLC boosted its holdings in shares of KraneShares Hang Seng TECH Index ETF by 268.8% in the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after purchasing an additional 132,285 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in shares of KraneShares Hang Seng TECH Index ETF in the 2nd quarter valued at $207,000. Institutional investors own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Company Profile

(Get Free Report)

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.

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