KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Sets New 52-Week Low – Should You Sell?

KraneShares CSI China Internet ETF (NYSEARCA:KWEB)’s share price hit a new 52-week low on Monday . The stock traded as low as $26.22 and last traded at $26.24, with a volume of 6971928 shares. The stock had previously closed at $26.38.

KraneShares CSI China Internet ETF Price Performance

The stock has a market capitalization of $5.88 billion, a P/E ratio of 15.95 and a beta of 0.34. The company’s 50 day simple moving average is $28.43 and its two-hundred day simple moving average is $32.22.

Institutional Trading of KraneShares CSI China Internet ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KWEB. Aurora Investment Managers LLC. boosted its stake in KraneShares CSI China Internet ETF by 12.6% in the third quarter. Aurora Investment Managers LLC. now owns 440,048 shares of the company’s stock valued at $18,486,000 after acquiring an additional 49,302 shares during the last quarter. GFG Capital LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $668,000. Robinhood Asset Management LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $54,053,000. NewEdge Wealth LLC boosted its stake in KraneShares CSI China Internet ETF by 67.8% in the fourth quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock valued at $7,514,000 after acquiring an additional 89,143 shares during the last quarter. Finally, ABC Arbitrage SA boosted its stake in KraneShares CSI China Internet ETF by 311.6% in the third quarter. ABC Arbitrage SA now owns 138,130 shares of the company’s stock valued at $5,803,000 after acquiring an additional 104,573 shares during the last quarter.

About KraneShares CSI China Internet ETF

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.