Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Grows By 122.6%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 180,746 shares, a growth of 122.6% from the June 30th total of 81,180 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 171,706 shares, the short-interest ratio is currently 1.1 days.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

Shares of AGIX stock opened at $41.82 on Tuesday. The stock’s fifty day moving average is $45.29 and its two-hundred day moving average is $39.41. The firm has a market capitalization of $704.67 million, a P/E ratio of 36.18 and a beta of 1.93. KraneShares Artificial Intelligence and Technology ETF has a fifty-two week low of $30.89 and a fifty-two week high of $49.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the second quarter worth about $220,000. Bank of America Corp DE acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the first quarter worth about $26,216,000. Resolute Wealth Strategies LLC boosted its stake in shares of KraneShares Artificial Intelligence and Technology ETF by 57.8% in the first quarter. Resolute Wealth Strategies LLC now owns 9,799 shares of the company’s stock valued at $321,000 after purchasing an additional 3,590 shares during the period. Ascentis Independent Advisors purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the first quarter valued at approximately $443,000. Finally, Royal Bank of Canada acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at approximately $354,000.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.