KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Stock Price Up 0.8% – Here’s What Happened

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC)’s share price traded up 0.8% during trading on Thursday . The stock traded as high as $13.09 and last traded at $13.09. Approximately 22,080 shares were traded during mid-day trading, a decline of 75% from the average session volume of 88,538 shares. The stock had previously closed at $12.99.

KraneShares Hang Seng TECH Index ETF Price Performance

The firm has a market cap of $53.67 million, a PE ratio of 43.63 and a beta of 0.48. The business has a fifty day moving average price of $13.31 and a two-hundred day moving average price of $14.39.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of KraneShares Hang Seng TECH Index ETF by 153.4% in the 3rd quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $106,000 after purchasing an additional 3,375 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF in the second quarter worth approximately $207,000. Jane Street Group LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the fourth quarter worth approximately $228,000. Cetera Investment Advisers acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the fourth quarter worth approximately $290,000. Finally, Susquehanna International Group LLP purchased a new position in KraneShares Hang Seng TECH Index ETF during the third quarter valued at approximately $350,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.