KraneShares CSI China Internet ETF (NYSE:KWEB) Short Interest Update

KraneShares CSI China Internet ETF (NYSE:KWEB) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 47,930,000 shares, an increase of 105.8% from the January 15th total of 23,290,000 shares. Based on an average trading volume of 19,768,600 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several large investors have recently added to or reduced their stakes in KWEB. Wilmington Savings Fund Society FSB grew its position in shares of KraneShares CSI China Internet ETF by 466.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock worth $25,000 after buying an additional 700 shares in the last quarter. Oakworth Capital Inc. bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth about $78,000. IFP Advisors Inc grew its holdings in KraneShares CSI China Internet ETF by 553.4% during the 4th quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after acquiring an additional 2,800 shares in the last quarter. FMR LLC increased its position in KraneShares CSI China Internet ETF by 51.1% during the 3rd quarter. FMR LLC now owns 3,409 shares of the company’s stock valued at $116,000 after purchasing an additional 1,153 shares during the period. Finally, Private Trust Co. NA bought a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at about $170,000.

KraneShares CSI China Internet ETF Stock Up 1.8 %

Shares of KWEB traded up $0.60 during trading hours on Thursday, reaching $34.34. 32,426,478 shares of the company traded hands, compared to its average volume of 23,260,707. KraneShares CSI China Internet ETF has a 12-month low of $24.49 and a 12-month high of $39.17. The stock’s fifty day moving average price is $30.35 and its 200 day moving average price is $29.89.