KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Large Decline in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTRGet Free Report) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 286,167 shares, a decrease of 24.3% from the January 15th total of 378,210 shares. Based on an average daily trading volume, of 469,052 shares, the days-to-cover ratio is currently 0.6 days. Approximately 6.8% of the shares of the stock are short sold. Approximately 6.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 469,052 shares, the days-to-cover ratio is currently 0.6 days.

KraneShares SSE Star Market 50 Index ETF Price Performance

Shares of NYSEARCA KSTR opened at $20.84 on Tuesday. KraneShares SSE Star Market 50 Index ETF has a 12 month low of $11.86 and a 12 month high of $22.13. The stock has a 50-day moving average price of $19.92 and a two-hundred day moving average price of $18.71.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

A number of hedge funds have recently added to or reduced their stakes in KSTR. Prudential PLC increased its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 7.9% during the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock worth $10,218,000 after buying an additional 53,900 shares in the last quarter. Citadel Advisors LLC acquired a new position in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter worth about $3,245,000. Finally, Susquehanna International Group LLP increased its holdings in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after purchasing an additional 113,838 shares in the last quarter.

KraneShares SSE Star Market 50 Index ETF Company Profile

(Get Free Report)

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.

Further Reading

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