KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Gap Down – Here’s Why

KraneShares CSI China Internet ETF (NYSEARCA:KWEBGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $36.65, but opened at $35.45. KraneShares CSI China Internet ETF shares last traded at $34.51, with a volume of 16,084,935 shares trading hands.

KraneShares CSI China Internet ETF Stock Performance

The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 19.76 and a beta of 0.33. The firm’s 50-day simple moving average is $30.97 and its two-hundred day simple moving average is $30.50.

About KraneShares CSI China Internet ETF

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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.

Further Reading

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