KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of some unusual options trading on Thursday. Stock traders purchased 594,865 call options on the stock. This is an increase of 266% compared to the typical daily volume of 162,528 call options.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KWEB. Mirae Asset Global Investments Co. Ltd. increased its holdings in KraneShares CSI China Internet ETF by 83.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock valued at $641,000 after buying an additional 8,479 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $844,000. Concurrent Investment Advisors LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $735,000. Soros Fund Management LLC increased its stake in shares of KraneShares CSI China Internet ETF by 30.2% in the 2nd quarter. Soros Fund Management LLC now owns 293,404 shares of the company’s stock valued at $10,073,000 after purchasing an additional 68,000 shares in the last quarter. Finally, ABC Arbitrage SA increased its stake in shares of KraneShares CSI China Internet ETF by 5.0% in the 2nd quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,600 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Down 0.1%

Shares of KWEB opened at $33.37 on Friday. The stock has a 50-day moving average of $35.90 and a two-hundred day moving average of $37.84. KraneShares CSI China Internet ETF has a one year low of $27.83 and a one 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.