KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) saw unusually large options trading activity on Thursday. Traders purchased 285,257 call options on the company. This represents an increase of approximately 36% compared to the average daily volume of 210,264 call options.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB stock traded up $0.11 during midday trading on Thursday, hitting $36.79. 29,236,025 shares of the company were exchanged, compared to its average volume of 27,445,357. KraneShares CSI China Internet ETF has a 52 week low of $24.63 and a 52 week high of $39.17. The firm’s 50 day moving average price is $31.54 and its two-hundred day moving average price is $30.81.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several hedge funds have recently bought and sold shares of KWEB. Wilmington Savings Fund Society FSB increased its stake in shares of KraneShares CSI China Internet ETF by 466.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock worth $25,000 after purchasing an additional 700 shares during the period. Park Square Financial Group LLC bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $35,000. Oakworth Capital Inc. bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $78,000. IFP Advisors Inc lifted its holdings in shares of KraneShares CSI China Internet ETF by 553.4% during the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after buying an additional 2,800 shares in the last quarter. Finally, FMR LLC boosted its position in shares of KraneShares CSI China Internet ETF by 51.1% in the third quarter. FMR LLC now owns 3,409 shares of the company’s stock valued at $116,000 after acquiring an additional 1,153 shares during the period.