KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Shares Down 5.9% – Should You Sell?

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTECGet Free Report)’s stock price traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $13.31 and last traded at $13.31. 23,925 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 14,582 shares. The stock had previously closed at $14.14.

KraneShares Hang Seng TECH Index ETF Trading Down 5.9 %

The firm has a market capitalization of $7.99 million, a price-to-earnings ratio of 24.93 and a beta of 1.19. The firm has a fifty day moving average price of $13.28 and a 200 day moving average price of $12.09.

About KraneShares Hang Seng TECH Index ETF

(Get Free Report)

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.

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