Short Interest in KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Expands By 85.0%

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 38,905 shares, a growth of 85.0% from the March 31st total of 21,032 shares. Based on an average daily volume of 265,578 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the shares of the stock are sold short.

KraneShares Artificial Intelligence and Technology ETF Price Performance

NASDAQ AGIX opened at $39.55 on Monday. KraneShares Artificial Intelligence and Technology ETF has a 1-year low of $24.95 and a 1-year high of $40.01. The company has a market capitalization of $296.63 million, a P/E ratio of 36.18 and a beta of 1.72. The business has a 50 day moving average price of $34.87 and a 200 day moving average price of $35.97.

Hedge Funds Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at about $354,000. Ankerstar Wealth LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at about $184,000. LPL Financial LLC increased its holdings in KraneShares Artificial Intelligence and Technology ETF by 941.4% during the 4th quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock valued at $4,007,000 after acquiring an additional 99,781 shares in the last quarter. Resolute Wealth Strategies LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at about $225,000. Finally, ORG Partners LLC purchased a new position in KraneShares Artificial Intelligence and Technology ETF during the fourth quarter worth $36,000.

About KraneShares Artificial Intelligence and Technology ETF

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.