KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Up 1,491.4% in February

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTECGet Free Report) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 25,606 shares, a growth of 1,491.4% from the February 12th total of 1,609 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 57,121 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 57,121 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the company are short sold.

KraneShares Hang Seng TECH Index ETF Stock Performance

KTEC traded up $0.21 during trading hours on Tuesday, reaching $14.46. The company’s stock had a trading volume of 260,524 shares, compared to its average volume of 72,083. The company’s 50-day moving average is $15.58 and its 200-day moving average is $16.77. KraneShares Hang Seng TECH Index ETF has a 52 week low of $12.94 and a 52 week high of $19.69. The firm has a market cap of $54.95 million, a PE ratio of 48.20 and a beta of 0.48.

KraneShares Hang Seng TECH Index ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a dividend of $0.5254 per share. This represents a dividend yield of 329.0%. The ex-dividend date was Monday, December 22nd. KraneShares Hang Seng TECH Index ETF’s dividend payout ratio (DPR) is currently 173.33%.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A number of institutional investors have recently modified their holdings of KTEC. NewEdge Advisors LLC bought a new stake in KraneShares Hang Seng TECH Index ETF in the 1st quarter valued at about $447,000. Jane Street Group LLC raised its position in shares of KraneShares Hang Seng TECH Index ETF by 268.8% in the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after buying an additional 132,285 shares in the last quarter. Osaic Holdings Inc. bought a new stake in shares of KraneShares Hang Seng TECH Index ETF in the second quarter valued at approximately $207,000. Farther Finance Advisors LLC boosted its stake in shares of KraneShares Hang Seng TECH Index ETF by 48.6% in the third quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after buying an additional 5,869 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in KraneShares Hang Seng TECH Index ETF during the third quarter worth approximately $350,000. Institutional investors own 63.86% of the company’s stock.

KraneShares Hang Seng TECH Index ETF Company Profile

(Get Free Report)

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.

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