KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 30,289 shares, a decline of 63.1% from the June 30th total of 81,987 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,901 shares, the days-to-cover ratio is presently 1.0 days.

KraneShares China Internet and Covered Call Strategy ETF Trading Down 1.1%

KraneShares China Internet and Covered Call Strategy ETF stock opened at $24.27 on Wednesday. The firm’s 50 day simple moving average is $24.20 and its 200 day simple moving average is $26.67. The firm has a market capitalization of $101.45 million, a PE ratio of 16.77 and a beta of 0.44. KraneShares China Internet and Covered Call Strategy ETF has a 1-year low of $22.11 and a 1-year high of $33.56.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of KraneShares China Internet and Covered Call Strategy ETF during the 4th quarter valued at about $33,000. Royal Bank of Canada increased its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% during the fourth quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock valued at $161,000 after buying an additional 5,000 shares during the period. Ascentis Independent Advisors bought a new stake in KraneShares China Internet and Covered Call Strategy ETF in the first quarter valued at $138,000. Kingswood Wealth Advisors LLC bought a new stake in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter valued at $326,000. Finally, BLVD Private Wealth LLC boosted its holdings in KraneShares China Internet and Covered Call Strategy ETF by 5.8% in the fourth quarter. BLVD Private Wealth LLC now owns 11,031 shares of the company’s stock valued at $331,000 after acquiring an additional 602 shares in the last quarter.

KraneShares China Internet and Covered Call Strategy ETF Company Profile

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.