KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sets New 52-Week Low – What’s Next?

Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) reached a new 52-week low on Monday . The stock traded as low as $25.14 and last traded at $25.14, with a volume of 58063 shares trading hands. The stock had previously closed at $25.24.

KraneShares CSI China Internet ETF Price Performance

The business’s 50-day moving average price is $27.83 and its 200-day moving average price is $31.25. The firm has a market capitalization of $5.50 billion, a PE ratio of 15.95 and a beta of 0.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its position in KraneShares CSI China Internet ETF by 2.9% in the third quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock worth $418,000 after buying an additional 284 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 2.4% during the 4th quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock worth $541,000 after acquiring an additional 380 shares in the last quarter. TAGStone Capital Inc. grew its holdings in shares of KraneShares CSI China Internet ETF by 6.1% in the 4th quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock worth $232,000 after acquiring an additional 390 shares during the last quarter. Highline Wealth Partners LLC raised its position in shares of KraneShares CSI China Internet ETF by 5.6% during the fourth quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock worth $272,000 after purchasing an additional 424 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of KraneShares CSI China Internet ETF by 6.1% during the fourth quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock worth $289,000 after purchasing an additional 487 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.