KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

by · The Cerbat Gem

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 286,250 shares, an increase of 549.9% from the December 31st total of 44,048 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily volume of 77,955 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 77,955 shares, the short-interest ratio is currently 3.7 days. Approximately 7.3% of the company’s shares are sold short.

KraneShares Hang Seng TECH Index ETF Stock Up 0.8%

Shares of NYSEARCA KTEC traded up $0.13 during trading on Wednesday, hitting $16.52. 62,943 shares of the company traded hands, compared to its average volume of 69,513. The firm has a market capitalization of $64.43 million, a P/E ratio of 55.07 and a beta of 0.48. The company has a 50-day moving average price of $16.36 and a 200-day moving average price of $17.12. KraneShares Hang Seng TECH Index ETF has a 1 year low of $12.94 and a 1 year high of $19.69.

KraneShares Hang Seng TECH Index ETF Announces Dividend

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

Hedge Funds Weigh In On KraneShares Hang Seng TECH Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of KraneShares Hang Seng TECH Index ETF by 153.4% during the 3rd 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 period. Osaic Holdings Inc. acquired a new position in KraneShares Hang Seng TECH Index ETF during the second quarter valued at approximately $207,000. Farther Finance Advisors LLC grew its stake in KraneShares Hang Seng TECH Index ETF by 48.6% during the third quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock worth $341,000 after buying an additional 5,869 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF in the third quarter worth $350,000. Finally, NewEdge Advisors LLC purchased a new position in shares of KraneShares Hang Seng TECH Index ETF in the 1st quarter valued at $447,000. 63.86% of the stock is owned by institutional investors and hedge funds.

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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