Investors Purchase Large Volume of Call Options on KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the target of unusually large options trading activity on Friday. Investors bought 318,065 call options on the company. This represents an increase of 82% compared to the average daily volume of 174,950 call options.

Institutional Trading of KraneShares CSI China Internet ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after buying an additional 723 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $32,000. JPL Wealth Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at about $34,000. Fortitude Family Office LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in KraneShares CSI China Internet ETF in the 4th quarter worth approximately $45,000.

KraneShares CSI China Internet ETF Stock Up 1.2%

NYSEARCA KWEB opened at $30.45 on Friday. KraneShares CSI China Internet ETF has a 52 week low of $27.62 and a 52 week high of $43.37. The company has a 50 day moving average price of $30.30 and a 200 day moving average price of $35.08. The firm has a market cap of $6.60 billion, a PE ratio of 15.95 and a beta of 0.37.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.