KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Stock Price Down 0.2% – Time to Sell?

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX)’s stock price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $36.59 and last traded at $36.66. 35,938 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 25,880 shares. The stock had previously closed at $36.72.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

The stock has a 50-day moving average of $36.86 and a 200 day moving average of $34.87. The firm has a market capitalization of $95.32 million, a P/E ratio of 36.18 and a beta of 1.77.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a dividend of $0.4377 per share. This represents a dividend yield of 119.0%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGIX. Susquehanna International Group LLP acquired a new stake in KraneShares Artificial Intelligence and Technology ETF in the 3rd quarter valued at about $17,766,000. Mainstay Capital Management LLC ADV acquired a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the third quarter worth approximately $503,000. Jane Street Group LLC grew its stake in shares of KraneShares Artificial Intelligence and Technology ETF by 43.1% during the first quarter. Jane Street Group LLC now owns 42,715 shares of the company’s stock valued at $1,048,000 after purchasing an additional 12,867 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter valued at approximately $253,000. Finally, Advisory Services Network LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter valued at approximately $206,000.

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.