KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Sees Significant Increase in Short Interest

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,030,288 shares, an increase of 729.9% from the April 30th total of 244,639 shares. Currently, 47.2% of the company’s stock are short sold. Based on an average daily volume of 454,620 shares, the short-interest ratio is presently 4.5 days.

KraneShares SSE Star Market 50 Index ETF Stock Performance

KraneShares SSE Star Market 50 Index ETF stock opened at $26.05 on Thursday. The firm has a 50-day moving average of $21.46 and a 200-day moving average of $20.26. KraneShares SSE Star Market 50 Index ETF has a one year low of $12.97 and a one year high of $26.79.

Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC raised its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after purchasing an additional 21,502 shares during the period. Susquehanna International Group LLP raised its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after purchasing an additional 113,838 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at about $3,245,000.

About KraneShares SSE Star Market 50 Index ETF

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.