KraneShares CSI China Internet ETF Sees Unusually High Options Volume (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the target of some unusual options trading on Friday. Traders bought 224,049 call options on the stock. This represents an increase of approximately 42% compared to the average volume of 157,415 call options.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Several large investors have recently added to or reduced their stakes in the company. Quaker Wealth Management LLC lifted its holdings in KraneShares CSI China Internet ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the third quarter worth about $34,000. ORG Partners LLC raised its position in shares of KraneShares CSI China Internet ETF by 82.5% in the second quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after purchasing an additional 531 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in shares of KraneShares CSI China Internet ETF by 179.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,340 shares of the company’s stock valued at $47,000 after buying an additional 860 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 4,640.7% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after buying an additional 1,253 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSE KWEB opened at $35.63 on Friday. The stock has a fifty day simple moving average of $37.40 and a two-hundred day simple moving average of $37.62. 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.