Traders Buy High Volume of Call Options on KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 160,982 call options on the company. This is an increase of 82% compared to the typical volume of 88,306 call options.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock opened at $28.71 on Thursday. KraneShares CSI China Internet ETF has a 1 year low of $23.99 and a 1 year high of $36.19. The firm has a 50-day moving average of $27.15 and a two-hundred day moving average of $27.75.

Institutional Investors Weigh In On KraneShares CSI China Internet ETF

Large investors have recently added to or reduced their stakes in the stock. Insight Advisors LLC PA boosted its position in KraneShares CSI China Internet ETF by 24.3% in the 1st quarter. Insight Advisors LLC PA now owns 15,822 shares of the company’s stock valued at $493,000 after buying an additional 3,097 shares during the period. IFP Advisors Inc raised its holdings in shares of KraneShares CSI China Internet ETF by 150.6% in the 2nd quarter. IFP Advisors Inc now owns 25,451 shares of the company’s stock valued at $1,610,000 after purchasing an additional 15,297 shares in the last quarter. Sterneck Capital Management LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 8.9% in the 2nd quarter. Sterneck Capital Management LLC now owns 91,468 shares of the company’s stock valued at $2,463,000 after purchasing an additional 7,460 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 52.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,480 shares of the company’s stock valued at $121,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Investment House LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 1st quarter valued at about $535,000.

About KraneShares CSI China Internet ETF

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.