KraneShares CSI China Internet ETF Sees Unusually High Options Volume (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 280,168 call options on the company. This represents an increase of approximately 48% compared to the average daily volume of 188,720 call options.

KraneShares CSI China Internet ETF Stock Up 1.0%

NYSEARCA KWEB traded up $0.25 during trading hours on Tuesday, hitting $24.55. The company had a trading volume of 14,015,518 shares, compared to its average volume of 26,158,264. KraneShares CSI China Internet ETF has a fifty-two week low of $23.23 and a fifty-two week high of $43.37. The business has a fifty day simple moving average of $27.40 and a 200-day simple moving average of $30.87. The firm has a market cap of $5.52 billion, a P/E ratio of 15.95 and a beta of 0.34.

Institutional Trading of KraneShares CSI China Internet ETF

Large investors have recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at about $34,000. SBI Securities Co. Ltd. increased its stake in shares of KraneShares CSI China Internet ETF by 634.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after purchasing an additional 723 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $32,000. Fortitude Family Office LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $45,000.

About KraneShares CSI China Internet ETF

(Get Free Report)

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.

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