KraneShares CSI China Internet ETF Sees Unusually High Options Volume (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 280,168 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 188,720 call options.

KraneShares CSI China Internet ETF Stock Up 2.7%

KWEB opened at $25.12 on Thursday. The business’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $30.70. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The stock has a market cap of $5.06 billion, a PE ratio of 15.95 and a beta of 0.35.

Institutional Trading of KraneShares CSI China Internet ETF

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in KraneShares CSI China Internet ETF by 33.0% in the first quarter. NewEdge Advisors LLC now owns 177,811 shares of the company’s stock worth $5,055,000 after buying an additional 44,150 shares in the last quarter. NWI Management LP purchased a new stake in shares of KraneShares CSI China Internet ETF in the 1st quarter valued at $25,587,000. Bank of America Corp DE grew its holdings in shares of KraneShares CSI China Internet ETF by 32.1% during the 1st quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after purchasing an additional 2,693,759 shares during the last quarter. Edgestream Partners L.P. purchased a new position in KraneShares CSI China Internet ETF in the 1st quarter worth $755,000. Finally, Polar Asset Management Partners Inc. purchased a new position in KraneShares CSI China Internet ETF in the 1st quarter worth $5,009,000.

KraneShares CSI China Internet ETF Company Profile

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.