KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Short Interest Update

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 28,643,077 shares, a decline of 46.3% from the May 14th total of 53,289,501 shares. Based on an average daily volume of 29,039,194 shares, the days-to-cover ratio is presently 1.0 days. Currently, 12.7% of the shares of the company are sold short.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB traded down $0.08 on Friday, hitting $26.49. 13,341,421 shares of the company were exchanged, compared to its average volume of 26,626,285. The company’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $31.88. KraneShares CSI China Internet ETF has a one year low of $25.90 and a one year high of $43.37. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $34,000. SBI Securities Co. Ltd. boosted its position in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after acquiring an additional 723 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $32,000. Fortitude Family Office LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $45,000.

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.