KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Sees Large Increase in Short Interest

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 132,851 shares, an increase of 145.3% from the February 26th total of 54,161 shares. Based on an average trading volume of 93,183 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.0% of the shares of the company are short sold.

KraneShares Artificial Intelligence and Technology ETF Price Performance

NASDAQ:AGIX traded down $0.72 on Friday, reaching $31.91. 39,606 shares of the company’s stock were exchanged, compared to its average volume of 102,741. The firm has a market cap of $140.40 million, a price-to-earnings ratio of 36.18 and a beta of 1.77. The stock has a fifty day simple moving average of $34.69 and a 200-day simple moving average of $36.11. KraneShares Artificial Intelligence and Technology ETF has a 52 week low of $20.82 and a 52 week high of $40.01.

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter valued at about $17,766,000. LPL Financial LLC lifted its holdings in shares of KraneShares Artificial Intelligence and Technology ETF by 941.4% in the fourth quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock worth $4,007,000 after buying an additional 99,781 shares in the last quarter. Westwind Capital bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at approximately $1,588,000. Mainstay Capital Management LLC ADV purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the third quarter valued at approximately $503,000. Finally, Jane Street Group LLC increased its holdings in KraneShares Artificial Intelligence and Technology ETF by 43.1% during the 1st quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock worth $1,048,000 after acquiring an additional 12,867 shares during the period.

KraneShares Artificial Intelligence and Technology ETF Company Profile

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.