Short Interest in KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Declines By 46.8%

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,078,707 shares, a decrease of 46.8% from the June 30th total of 2,027,436 shares. Approximately 8.0% of the shares of the company are sold short. Based on an average trading volume of 823,831 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC increased its stake in KraneShares SSE Star Market 50 Index ETF by 47.9% in the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after purchasing an additional 21,502 shares during the period. Susquehanna International Group LLP boosted its stake in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% during the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after buying an additional 113,838 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of KraneShares SSE Star Market 50 Index ETF during the third quarter worth about $3,245,000.

KraneShares SSE Star Market 50 Index ETF Stock Performance

Shares of KSTR traded down $0.31 during mid-day trading on Friday, reaching $23.54. 1,467,354 shares of the company’s stock were exchanged, compared to its average volume of 443,519. The business’s fifty day simple moving average is $26.64 and its 200-day simple moving average is $22.90. KraneShares SSE Star Market 50 Index ETF has a 52-week low of $14.13 and a 52-week high of $32.54.

About KraneShares SSE Star Market 50 Index ETF

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.