KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) saw some unusual options trading on Thursday. Stock investors acquired 143,092 call options on the company. This is an increase of approximately 29% compared to the typical daily volume of 110,864 call options.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock traded up $1.89 during midday trading on Thursday, reaching $29.86. The company’s stock had a trading volume of 21,815,543 shares, compared to its average volume of 21,746,705. The stock’s 50-day simple moving average is $26.40 and its 200-day simple moving average is $26.20. KraneShares CSI China Internet ETF has a 52-week low of $22.68 and a 52-week high of $32.06. The stock has a market capitalization of $5.92 billion, a P/E ratio of 22.48 and a beta of 1.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in KraneShares CSI China Internet ETF during the third quarter valued at approximately $260,000. B. Riley Wealth Advisors Inc. acquired a new stake in KraneShares CSI China Internet ETF in the third quarter valued at approximately $259,000. Perigon Wealth Management LLC grew its holdings in KraneShares CSI China Internet ETF by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock valued at $303,000 after purchasing an additional 800 shares during the period. Solstein Capital LLC acquired a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $38,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in KraneShares CSI China Internet ETF by 15.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock valued at $6,282,000 after purchasing an additional 30,563 shares during the period.

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.