KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Update

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,273,955 shares, a decrease of 37.3% from the May 14th total of 2,030,288 shares. Based on an average trading volume of 712,735 shares, the short-interest ratio is currently 1.8 days. Currently, 29.6% of the shares of the company are short sold.

KraneShares SSE Star Market 50 Index ETF Stock Down 0.9%

KSTR traded down $0.22 during trading hours on Tuesday, reaching $25.30. The company’s stock had a trading volume of 336,591 shares, compared to its average volume of 332,089. KraneShares SSE Star Market 50 Index ETF has a 52 week low of $13.10 and a 52 week high of $26.79. The company’s 50-day moving average is $23.16 and its 200-day moving average is $20.87.

Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at $3,245,000. Susquehanna International Group LLP raised its stake in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC raised its stake in KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after acquiring an additional 21,502 shares during the period.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.