KraneShares CSI China Internet ETF (NYSE:KWEB) Short Interest Down 18.8% in March

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 26,230,000 shares, a decline of 18.8% from the February 28th total of 32,290,000 shares. Approximately 11.2% of the company’s stock are short sold. Based on an average daily volume of 24,427,300 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in KraneShares CSI China Internet ETF by 200.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,663,173 shares of the company’s stock valued at $107,111,000 after buying an additional 2,442,107 shares in the last quarter. National Bank of Canada FI grew its position in shares of KraneShares CSI China Internet ETF by 29,608.0% in the 4th quarter. National Bank of Canada FI now owns 1,260,809 shares of the company’s stock valued at $36,866,000 after buying an additional 1,256,565 shares during the last quarter. Appaloosa LP raised its stake in KraneShares CSI China Internet ETF by 21.5% during the 4th quarter. Appaloosa LP now owns 4,575,695 shares of the company’s stock worth $133,793,000 after acquiring an additional 810,695 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth about $18,649,000. Finally, Temasek Holdings Private Ltd boosted its position in shares of KraneShares CSI China Internet ETF by 25.7% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,793,900 shares of the company’s stock valued at $95,048,000 after purchasing an additional 572,100 shares during the period.

KraneShares CSI China Internet ETF Stock Down 0.2 %

Shares of KraneShares CSI China Internet ETF stock traded down $0.06 during trading hours on Wednesday, reaching $34.96. 13,017,270 shares of the company were exchanged, compared to its average volume of 25,781,049. The stock’s fifty day moving average is $34.34 and its 200 day moving average is $32.24. KraneShares CSI China Internet ETF has a 1 year low of $24.68 and a 1 year high of $39.17.