Short Interest in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Declines By 88.6%

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,609 shares, a decline of 88.6% from the January 29th total of 14,054 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 65,147 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 65,147 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of KraneShares Hang Seng TECH Index ETF by 268.8% in the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after buying an additional 132,285 shares during the period. NewEdge Advisors LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $447,000. Cetera Investment Advisers acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 4th quarter worth approximately $290,000. Susquehanna International Group LLP bought a new position in KraneShares Hang Seng TECH Index ETF in the third quarter valued at approximately $350,000. Finally, Farther Finance Advisors LLC increased its stake in KraneShares Hang Seng TECH Index ETF by 48.6% in the third quarter. Farther Finance Advisors LLC now owns 17,944 shares of the company’s stock valued at $341,000 after acquiring an additional 5,869 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

KraneShares Hang Seng TECH Index ETF Stock Down 2.8%

Shares of KTEC traded down $0.42 during midday trading on Thursday, reaching $14.54. 126,031 shares of the stock were exchanged, compared to its average volume of 65,077. The stock’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $16.94. The company has a market cap of $55.25 million, a P/E ratio of 48.47 and a beta of 0.48. KraneShares Hang Seng TECH Index ETF has a twelve month low of $12.94 and a twelve month high of $19.69.

KraneShares Hang Seng TECH Index ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a $0.5254 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 329.0%. KraneShares Hang Seng TECH Index ETF’s payout ratio is currently 173.33%.

KraneShares Hang Seng TECH Index ETF Company Profile

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.