KraneShares CSI China Internet ETF Target of Unusually Large Options Trading (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of unusually large options trading activity on Friday. Stock traders bought 442,175 call options on the company. This is an increase of approximately 112% compared to the typical volume of 208,794 call options.

Hedge Funds Weigh In On KraneShares CSI China Internet ETF

A number of hedge funds have recently added to or reduced their stakes in KWEB. Wilmington Savings Fund Society FSB boosted its holdings in shares of KraneShares CSI China Internet ETF by 466.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after acquiring an additional 700 shares during the period. Oakworth Capital Inc. acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at $78,000. IFP Advisors Inc boosted its holdings in shares of KraneShares CSI China Internet ETF by 553.4% during the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock valued at $97,000 after acquiring an additional 2,800 shares during the period. FMR LLC boosted its holdings in shares of KraneShares CSI China Internet ETF by 51.1% during the third quarter. FMR LLC now owns 3,409 shares of the company’s stock valued at $116,000 after acquiring an additional 1,153 shares during the period. Finally, Private Trust Co. NA acquired a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at $170,000.

KraneShares CSI China Internet ETF Stock Up 3.8 %

KraneShares CSI China Internet ETF stock opened at $35.65 on Friday. The company has a fifty day moving average price of $30.42 and a two-hundred day moving average price of $29.92. KraneShares CSI China Internet ETF has a 12 month low of $24.49 and a 12 month high of $39.17.