KraneShares CSI China Internet ETF Sees Unusually Large Options Volume (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) saw some unusual options trading on Friday. Stock investors acquired 250,265 call options on the company. This represents an increase of approximately 99% compared to the typical daily volume of 125,692 call options.

KraneShares CSI China Internet ETF Stock Up 3.3 %

NYSE KWEB opened at $38.41 on Friday. The stock has a 50 day moving average of $27.52. KraneShares CSI China Internet ETF has a 52-week low of $22.68 and a 52-week high of $38.70.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&R Capital Management Inc. acquired a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $34,000. International Assets Investment Management LLC acquired a new position in KraneShares CSI China Internet ETF in the second quarter worth approximately $31,000. Mather Group LLC. raised its position in KraneShares CSI China Internet ETF by 243.9% during the second quarter. Mather Group LLC. now owns 1,221 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares in the last quarter. Friedenthal Financial acquired a new stake in KraneShares CSI China Internet ETF in the second quarter valued at approximately $119,000. Finally, EverSource Wealth Advisors LLC lifted its stake in KraneShares CSI China Internet ETF by 91,900.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,600 shares of the company’s stock valued at $128,000 after acquiring an additional 4,595 shares during the last quarter.