Investors Purchase Large Volume of Call Options on KraneShares CSI China Internet ETF (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 877,180 call options on the company. This represents an increase of approximately 465% compared to the typical daily volume of 155,352 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia bought a new stake in KraneShares CSI China Internet ETF during the 3rd quarter valued at $95,497,000. Quadrature Capital Ltd lifted its holdings in shares of KraneShares CSI China Internet ETF by 350.0% in the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after purchasing an additional 1,849,107 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the first quarter valued at approximately $63,838,000. BlueCrest Capital Management Ltd grew its holdings in KraneShares CSI China Internet ETF by 421.5% during the third quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock worth $89,385,000 after buying an additional 1,719,701 shares in the last quarter. Finally, Angeles Investment Advisors LLC purchased a new stake in KraneShares CSI China Internet ETF in the 1st quarter valued at $52,854,000.

KraneShares CSI China Internet ETF Price Performance

KWEB stock opened at $36.50 on Friday. The stock has a 50-day moving average price of $38.45 and a 200-day moving average price of $37.60. KraneShares CSI China Internet ETF has a 1-year low of $27.27 and a 1-year high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.