KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 156,768 shares, a growth of 53.7% from the March 15th total of 101,978 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 133,441 shares, the days-to-cover ratio is currently 1.2 days.
KraneShares SSE Star Market 50 Index ETF Stock Performance
NYSEARCA:KSTR opened at $20.33 on Thursday. The business has a 50 day moving average of $19.68 and a 200 day moving average of $19.45. KraneShares SSE Star Market 50 Index ETF has a 1-year low of $12.97 and a 1-year high of $22.13.
Institutional Investors Weigh In On KraneShares SSE Star Market 50 Index ETF
A number of hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC boosted its stake in shares of KraneShares SSE Star Market 50 Index ETF by 47.9% in the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock valued at $1,236,000 after purchasing an additional 21,502 shares in the last quarter. Susquehanna International Group LLP raised its position in KraneShares SSE Star Market 50 Index ETF by 436.0% in the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock worth $2,814,000 after purchasing an additional 113,838 shares during the period. Finally, Citadel Advisors LLC bought a new stake in KraneShares SSE Star Market 50 Index ETF in the third quarter worth $3,245,000.
About KraneShares SSE Star Market 50 Index ETF
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.
Further Reading
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