KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 166,814 shares, a decrease of 42.2% from the September 15th total of 288,747 shares. Based on an average trading volume of 95,935 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are short sold.
Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. SFG Wealth Management LLC. bought a new stake in shares of KraneShares Artificial Intelligence and Technology ETF during the 2nd quarter valued at $1,090,000. NewEdge Advisors LLC purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 2nd quarter worth $1,275,000. Susquehanna International Group LLP bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 2nd quarter worth $1,071,000. Bank of America Corp DE bought a new position in KraneShares Artificial Intelligence and Technology ETF in the 1st quarter worth $26,216,000. Finally, GTS Securities LLC raised its holdings in KraneShares Artificial Intelligence and Technology ETF by 236.3% in the 2nd quarter. GTS Securities LLC now owns 101,869 shares of the company’s stock worth $4,777,000 after purchasing an additional 71,581 shares during the period.
KraneShares Artificial Intelligence and Technology ETF Stock Down 2.5%
NASDAQ:AGIX traded down $1.16 on Thursday, hitting $44.37. The stock had a trading volume of 57,151 shares, compared to its average volume of 219,970. The business’s 50-day simple moving average is $46.31 and its two-hundred day simple moving average is $43.79. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 36.18 and a beta of 1.95. KraneShares Artificial Intelligence and Technology ETF has a 52-week low of $30.89 and a 52-week high of $49.90.
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.
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