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

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) saw some unusual options trading activity on Thursday. Investors purchased 143,092 call options on the stock. This is an increase of approximately 29% compared to the typical volume of 110,864 call options.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB stock opened at $30.67 on Friday. KraneShares CSI China Internet ETF has a 52-week low of $22.68 and a 52-week high of $32.06. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 22.48 and a beta of 1.30. The firm’s 50-day moving average is $26.49 and its 200-day moving average is $26.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KWEB. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of KraneShares CSI China Internet ETF by 15.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock worth $6,282,000 after acquiring an additional 30,563 shares during the period. Avaii Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the third quarter worth $244,000. Altfest L J & Co. Inc. increased its position in shares of KraneShares CSI China Internet ETF by 3.1% during the third quarter. Altfest L J & Co. Inc. now owns 254,507 shares of the company’s stock worth $6,966,000 after buying an additional 7,758 shares during the period. AlphaQ Advisors LLC increased its position in shares of KraneShares CSI China Internet ETF by 4.2% during the third quarter. AlphaQ Advisors LLC now owns 31,477 shares of the company’s stock worth $862,000 after buying an additional 1,271 shares during the period. Finally, Dunhill Financial LLC increased its position in shares of KraneShares CSI China Internet ETF by 13.6% during the third quarter. Dunhill Financial LLC now owns 99,565 shares of the company’s stock worth $2,839,000 after buying an additional 11,904 shares during the period.

KraneShares CSI China Internet ETF Company Profile

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.