Susquehanna International Group LLP Trims Stake in KraneShares China Alpha Index ETF (NYSEARCA:KCAI)

Susquehanna International Group LLP lessened its position in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 21.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,940 shares of the company’s stock after selling 17,798 shares during the quarter. Susquehanna International Group LLP’s holdings in KraneShares China Alpha Index ETF were worth $1,756,000 as of its most recent SEC filing.

KraneShares China Alpha Index ETF Stock Performance

Shares of KCAI opened at $27.27 on Monday. KraneShares China Alpha Index ETF has a fifty-two week low of $23.76 and a fifty-two week high of $33.16. The firm has a 50-day simple moving average of $26.56 and a 200-day simple moving average of $26.95. The company has a market capitalization of $10.91 million and a price-to-earnings ratio of 8.89.

KraneShares China Alpha Index ETF Profile

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.