KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Large Growth in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,030,288 shares, a growth of 729.9% from the April 30th total of 244,639 shares. Based on an average trading volume of 454,620 shares, the short-interest ratio is presently 4.5 days. Approximately 47.2% of the shares of the stock are short sold.

KraneShares SSE Star Market 50 Index ETF Trading Down 2.5%

Shares of NYSEARCA:KSTR opened at $26.05 on Thursday. The business’s fifty day moving average price is $21.46 and its two-hundred day moving average price is $20.26. KraneShares SSE Star Market 50 Index ETF has a fifty-two week low of $12.97 and a fifty-two week high of $26.79.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter worth approximately $3,245,000. Susquehanna International Group LLP grew its holdings in KraneShares SSE Star Market 50 Index ETF by 436.0% during the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after acquiring an additional 113,838 shares during the period. Finally, OLD Mission Capital LLC grew its holdings in KraneShares SSE Star Market 50 Index ETF by 47.9% during the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after acquiring an additional 21,502 shares during the period.

KraneShares SSE Star Market 50 Index ETF Company Profile

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.