Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Rises By 355.4%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 25,476 shares, an increase of 355.4% from the January 15th total of 5,594 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 111,345 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 111,345 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter worth $17,766,000. Jane Street Group LLC boosted its holdings in shares of KraneShares Artificial Intelligence and Technology ETF by 43.1% during the first quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock worth $1,048,000 after purchasing an additional 12,867 shares during the period. Advisory Services Network LLC bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter worth about $206,000. Private Advisor Group LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter valued at about $253,000. Finally, Mainstay Capital Management LLC ADV purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 3rd quarter valued at about $503,000.

KraneShares Artificial Intelligence and Technology ETF Price Performance

Shares of AGIX stock opened at $35.04 on Wednesday. The business has a 50-day moving average of $36.26 and a 200 day moving average of $35.85. KraneShares Artificial Intelligence and Technology ETF has a 1-year low of $20.82 and a 1-year high of $40.01. The stock has a market capitalization of $154.18 million, a PE ratio of 36.18 and a beta of 1.77.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a dividend of $0.4377 per share. This represents a dividend yield of 119.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.