KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Stock Price Up 0.8% – Still a Buy?

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR)’s stock price traded up 0.8% during trading on Monday . The company traded as high as $19.57 and last traded at $19.53. 78,487 shares changed hands during trading, a decline of 19% from the average session volume of 96,318 shares. The stock had previously closed at $19.37.

KraneShares SSE Star Market 50 Index ETF Stock Up 0.8%

The company has a fifty day moving average of $18.53 and a 200-day moving average of $17.21.

Institutional Trading of KraneShares SSE Star Market 50 Index ETF

Several hedge funds have recently made changes to their positions in KSTR. Susquehanna International Group LLP boosted its stake in shares of 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 purchasing an additional 113,838 shares during the period. Citadel Advisors LLC acquired a new position in shares of KraneShares SSE Star Market 50 Index ETF in the third quarter worth $3,245,000. Finally, Prudential PLC grew its stake in shares of KraneShares SSE Star Market 50 Index ETF by 7.9% in the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock worth $10,218,000 after acquiring an additional 53,900 shares in the last quarter.

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.