KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Shares Down 0.5% – Here’s What Happened

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $16.80 and last traded at $16.83. Approximately 121,692 shares were traded during mid-day trading, an increase of 266% from the average daily volume of 33,246 shares. The stock had previously closed at $16.92.

KraneShares Hang Seng TECH Index ETF Trading Down 0.5 %

The firm has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $14.33. The company has a market capitalization of $27.77 million, a price-to-earnings ratio of 21.45 and a beta of 0.44.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A hedge fund recently bought a new stake in KraneShares Hang Seng TECH Index ETF stock. Jane Street Group LLC bought a new position in shares of KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 49,218 shares of the company’s stock, valued at approximately $658,000. Jane Street Group LLC owned approximately 8.20% of KraneShares Hang Seng TECH Index ETF as of its most recent SEC filing.

About KraneShares Hang Seng TECH Index ETF

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.