KraneShares CSI China Internet ETF (NYSE:KWEB) Short Interest Down 18.8% in March

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 26,230,000 shares, a decrease of 18.8% from the February 28th total of 32,290,000 shares. Currently, 11.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,427,300 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Appaloosa LP raised its holdings in shares of KraneShares CSI China Internet ETF by 21.5% during the 4th quarter. Appaloosa LP now owns 4,575,695 shares of the company’s stock worth $133,793,000 after buying an additional 810,695 shares in the last quarter. Slate Path Capital LP grew its position in KraneShares CSI China Internet ETF by 12.3% in the fourth quarter. Slate Path Capital LP now owns 4,112,000 shares of the company’s stock valued at $120,235,000 after acquiring an additional 449,963 shares during the last quarter. JPMorgan Chase & Co. raised its stake in KraneShares CSI China Internet ETF by 200.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,663,173 shares of the company’s stock worth $107,111,000 after acquiring an additional 2,442,107 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of KraneShares CSI China Internet ETF by 25.7% in the third quarter. Temasek Holdings Private Ltd now owns 2,793,900 shares of the company’s stock worth $95,048,000 after acquiring an additional 572,100 shares during the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of KraneShares CSI China Internet ETF by 8.9% in the 4th quarter. Mount Lucas Management LP now owns 1,507,900 shares of the company’s stock valued at $44,091,000 after purchasing an additional 122,900 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSE:KWEB opened at $34.96 on Thursday. The firm has a 50 day moving average of $34.45 and a 200-day moving average of $32.26. KraneShares CSI China Internet ETF has a 12 month low of $24.68 and a 12 month high of $39.17.