KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Stock Price Up 1.4% – Here’s What Happened

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR)’s stock price shot up 1.4% during mid-day trading on Friday . The company traded as high as $18.58 and last traded at $18.54. 43,659 shares were traded during mid-day trading, a decline of 3% from the average session volume of 44,853 shares. The stock had previously closed at $18.28.

KraneShares SSE Star Market 50 Index ETF Trading Up 1.4%

The firm has a fifty day moving average of $18.76 and a 200-day moving average of $16.59.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP lifted its stake 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 valued at $2,814,000 after acquiring an additional 113,838 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of KraneShares SSE Star Market 50 Index ETF during the 3rd quarter worth about $3,245,000. Finally, Prudential PLC raised its holdings in shares of KraneShares SSE Star Market 50 Index ETF by 7.9% in the 2nd quarter. Prudential PLC now owns 739,480 shares of the company’s stock valued at $10,218,000 after purchasing an additional 53,900 shares during the period.

KraneShares SSE Star Market 50 Index ETF Company Profile

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.