Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Expands By 93.7%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 85,800 shares, a growth of 93.7% from the August 31st total of 44,300 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 2.4 days. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of KraneShares Artificial Intelligence and Technology ETF

An institutional investor recently raised its position in KraneShares Artificial Intelligence and Technology ETF stock. Jane Street Group LLC lifted its position in shares of KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) by 43.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,715 shares of the company’s stock after purchasing an additional 12,867 shares during the period. Jane Street Group LLC owned about 4.75% of KraneShares Artificial Intelligence and Technology ETF worth $1,048,000 as of its most recent SEC filing.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

Shares of NASDAQ:AGIX opened at $37.26 on Friday. The company has a market cap of $93.15 million and a P/E ratio of 36.18. KraneShares Artificial Intelligence and Technology ETF has a one year low of $20.82 and a one year high of $37.84. The business’s 50-day simple moving average is $34.31 and its 200 day simple moving average is $30.25.

About KraneShares Artificial Intelligence and Technology ETF

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.