KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Gap Down to $29.81

KraneShares CSI China Internet ETF (NYSEARCA:KWEBGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $29.81, but opened at $29.05. KraneShares CSI China Internet ETF shares last traded at $29.26, with a volume of 2,841,536 shares changing hands.

KraneShares CSI China Internet ETF Trading Down 2.0 %

The company has a market capitalization of $5.79 billion, a PE ratio of 22.48 and a beta of 1.30. The firm’s 50-day simple moving average is $28.41 and its 200-day simple moving average is $26.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KWEB. Morgan Stanley boosted its holdings in KraneShares CSI China Internet ETF by 20.7% in the 3rd quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock valued at $232,970,000 after purchasing an additional 1,458,821 shares during the last quarter. Alaska Permanent Fund Corp boosted its holdings in KraneShares CSI China Internet ETF by 13.3% in the 1st quarter. Alaska Permanent Fund Corp now owns 8,380,169 shares of the company’s stock valued at $219,979,000 after purchasing an additional 982,302 shares during the last quarter. Jane Street Group LLC boosted its holdings in KraneShares CSI China Internet ETF by 77.6% in the 1st quarter. Jane Street Group LLC now owns 7,942,867 shares of the company’s stock valued at $208,500,000 after purchasing an additional 3,470,684 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in KraneShares CSI China Internet ETF by 18.7% in the 4th quarter. Rafferty Asset Management LLC now owns 7,386,886 shares of the company’s stock valued at $199,446,000 after purchasing an additional 1,163,591 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in KraneShares CSI China Internet ETF by 9.4% in the 3rd quarter. Citigroup Inc. now owns 5,156,597 shares of the company’s stock valued at $141,136,000 after purchasing an additional 444,023 shares during the last quarter.

KraneShares CSI China Internet ETF Company Profile

(Get Free Report)

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.

Further Reading

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