KraneShares CSI China Internet ETF Sees Unusually Large Options Volume (NYSE:KWEB)

KraneShares CSI China Internet ETF (NYSE:KWEB) was the recipient of some unusual options trading activity on Friday. Traders acquired 234,845 call options on the stock. This is an increase of 27% compared to the average daily volume of 184,782 call options.

KraneShares CSI China Internet ETF Stock Performance

KWEB traded down $2.30 during midday trading on Friday, reaching $32.00. 47,301,075 shares of the company were exchanged, compared to its average volume of 21,883,646. The stock has a fifty day moving average of $30.90. KraneShares CSI China Internet ETF has a one year low of $22.68 and a one year high of $39.17.

Institutional Trading of KraneShares CSI China Internet ETF

A number of large investors have recently bought and sold shares of the company. Legacy Bridge LLC bought a new stake in KraneShares CSI China Internet ETF during the third quarter valued at $819,000. Mount Lucas Management LP boosted its stake in shares of KraneShares CSI China Internet ETF by 136.8% during the 3rd quarter. Mount Lucas Management LP now owns 1,385,000 shares of the company’s stock valued at $47,118,000 after purchasing an additional 800,000 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new stake in KraneShares CSI China Internet ETF during the third quarter worth about $6,974,000. First Heartland Consultants Inc. purchased a new stake in shares of KraneShares CSI China Internet ETF during the third quarter valued at approximately $204,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $204,000.