KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Trading Down 0.7% – Here’s What Happened

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR)’s share price fell 0.7% during mid-day trading on Tuesday . The stock traded as low as $23.05 and last traded at $23.05. Approximately 772,410 shares traded hands during trading, an increase of 45% from the average session volume of 533,695 shares. The stock had previously closed at $23.22.

KraneShares SSE Star Market 50 Index ETF Stock Down 2.2%

The company has a 50 day moving average of $25.29 and a 200 day moving average of $23.54.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

Several large investors have recently added to or reduced their stakes in KSTR. Citadel Advisors LLC acquired a new stake in shares of KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at $3,245,000. Susquehanna International Group LLP boosted its holdings in KraneShares SSE Star Market 50 Index ETF by 436.0% in the third quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after purchasing an additional 113,838 shares in the last quarter. Finally, OLD Mission Capital LLC increased its position in KraneShares SSE Star Market 50 Index ETF by 47.9% during the fourth quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after buying an additional 21,502 shares during the last quarter.

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.