KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Stock Price Down 1.5% – Here’s What Happened

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) fell 1.5% on Thursday . The company traded as low as $19.75 and last traded at $19.87. 4,387,524 shares were traded during mid-day trading, an increase of 809% from the average session volume of 482,901 shares. The stock had previously closed at $20.17.

KraneShares SSE Star Market 50 Index ETF Trading Down 1.5%

The stock has a 50-day moving average price of $19.57 and a 200-day moving average price of $18.33.

Hedge Funds Weigh In On KraneShares SSE Star Market 50 Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its holdings in shares of 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 buying an additional 113,838 shares during the last quarter. Citadel Advisors LLC purchased a new position in KraneShares SSE Star Market 50 Index ETF in the third quarter worth $3,245,000. Finally, Prudential PLC grew its position in KraneShares SSE Star Market 50 Index ETF by 7.9% in the second quarter. Prudential PLC now owns 739,480 shares of the company’s stock worth $10,218,000 after acquiring an additional 53,900 shares in the last quarter.

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.