Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Expands By 101.4%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 54,161 shares, a growth of 101.4% from the February 12th total of 26,897 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 100,947 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 100,947 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the shares of the company are sold short.

KraneShares Artificial Intelligence and Technology ETF Stock Performance

KraneShares Artificial Intelligence and Technology ETF stock opened at $33.89 on Friday. The business’s 50-day simple moving average is $35.20 and its two-hundred day simple moving average is $36.08. The company has a market cap of $149.12 million, a PE ratio of 36.18 and a beta of 1.77. KraneShares Artificial Intelligence and Technology ETF has a fifty-two week low of $20.82 and a fifty-two week high of $40.01.

KraneShares Artificial Intelligence and Technology ETF Announces Dividend

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

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Noble Wealth Management PBC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter worth approximately $37,000. ORG Partners LLC purchased a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter valued at $36,000. Ankerstar Wealth LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the fourth quarter worth $184,000. Advisory Services Network LLC acquired a new stake in shares of KraneShares Artificial Intelligence and Technology ETF in the third quarter worth $206,000. Finally, Royal Bank of Canada purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $354,000.

KraneShares Artificial Intelligence and Technology ETF Company Profile

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.