KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Short Interest Update

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 147,673 shares, an increase of 247.6% from the May 31st total of 42,480 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 675,281 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF in the fourth quarter valued at $36,000. Noble Wealth Management PBC purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at $37,000. Ankerstar Wealth LLC bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth $184,000. Advisory Services Network LLC purchased a new stake in KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter worth $206,000. Finally, Resolute Wealth Strategies LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at about $225,000.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

Shares of NASDAQ AGIX traded up $1.08 during mid-day trading on Monday, hitting $45.87. 197,433 shares of the stock were exchanged, compared to its average volume of 272,781. KraneShares Artificial Intelligence and Technology ETF has a twelve month low of $30.68 and a twelve month high of $49.67. The stock’s fifty day simple moving average is $43.94 and its two-hundred day simple moving average is $38.29. The company has a market cap of $394.48 million, a P/E ratio of 36.18 and a beta of 1.93.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.