KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Get Free Report) saw some unusual options trading activity on Thursday. Investors purchased 143,092 call options on the stock. This is an increase of approximately 29% compared to the typical volume of 110,864 call options.
Institutional Investors Weigh In On KraneShares CSI China Internet ETF
Several institutional investors have recently added to or reduced their stakes in KWEB. Headlands Technologies LLC bought a new stake in KraneShares CSI China Internet ETF during the 3rd quarter worth about $25,000. NBC Securities Inc. acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $38,000. Solstein Capital LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $38,000. Institutional & Family Asset Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $44,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of KraneShares CSI China Internet ETF by 273.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the company’s stock worth $68,000 after purchasing an additional 1,846 shares during the last quarter.
KraneShares CSI China Internet ETF Trading Up 1.7 %
KWEB opened at $30.67 on Friday. The stock has a market capitalization of $6.08 billion, a P/E ratio of 22.48 and a beta of 1.30. KraneShares CSI China Internet ETF has a 12 month low of $22.68 and a 12 month high of $32.06. The firm’s fifty day simple moving average is $26.49 and its 200 day simple moving average is $26.23.
About KraneShares CSI China Internet ETF
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.
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