Zacks Investment ResearchT3·24d ago
KWEB KraneShares CSI China Internet ETF
ETF 23.18 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
KWEB
$23.18
—
Key stats
$23.18
- 52-Week Range
- $22.93 – $41.60
- YTD
- -34.96%
- IV Rank (30D)
- 38.76
- Straddle Price
- $1.53
- P/C Vol Ratio
- 0.51
- Open
- $23.19
- Day Range
- $23.11 – $23.35
- Volume
- 10,644,159
- Prev Close
- $23.21
About
KraneShares CSI China Internet ETF (KWEB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2013-07-31
- Has Options
- Yes
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
International Equity
Single Country#14 of 163 by assets
KraneShares
Internet & Innovation
China
Emerging Markets
Index-tracking
- Expense ratio
- 0.70% prospectus, filed Jul 29, 2025
- Assets
- $4.3B shares × price, Oct 22, 2026
- Trailing yield
- 9.03% paid annual
- Average daily volume
- $405M 30 sessions
- Holdings
- 34 top 10 are 60.0%
- Listed
- Jul 31, 2013 NYSE Arca
- Last fee change
- +1 bp filed Jul 29, 2024
- Tracking difference
- +0.38 pts vs index, after fees, FY 2026
Cost21
Liquidity100
Scale98
Diversification46
Moves with. US large-cap stocks (22% of its variance, beta 0.98); Emerging markets over US (8% of its variance, beta 0.34). These factors explain 30% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The KraneShares CSI China Internet ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities index. The Funds current index is the CSI Overseas China Internet Index (the Underlying Index). (from the fund's prospectus)
All 34 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$235M latest reported month
- Latest 3 months
- −$282M −5.8% of assets
- Latest 12 months
- +$879M +17.9% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$235M |
| May 2026 | +$294M |
| Apr 2026 | −$811M |
| Mar 2026 | +$349M |
| Feb 2026 | −$694M |
| Jan 2026 | −$111M |
| Dec 2025 | +$314M |
| Nov 2025 | +$59M |
| Oct 2025 | −$310M |
| Sep 2025 | +$1.0B |
| Aug 2025 | +$158M |
| Jul 2025 | +$370M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| KTECKraneShares Hang Seng TECH Index ETF | 47% | 0.69% | $50M | −38.7% | compare |
| FDNIFirst Trust Dow Jones International Internet ETF | 41% | 0.65% | $30M | −31.3% | compare |
| EMQQEMQQ The Emerging Markets Internet ETF | 40% | 0.86% | $228M | −31.6% | compare |
| CHIQGlobal X MSCI China Consumer Discretionary ETF | 34% | 0.65% | $97M | −32.9% | compare |
| FXIiShares China Large-Cap ETF | 32% | 0.73% | $3.7B | −18.8% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 18% net selling
- Reporting earnings
- 3.0% of weight in 7 days; 3.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.38%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | KPHMWChina Ruyi Holdings Limited | — | 1.41% | — |
| Decrease | NETEASE, INC. | 5.91% | 6.97% | −11.7% |
| Decrease | JD.COM, INC. | 4.91% | 3.87% | −20.0% |
| New position | MEITU, INC. | — | 1.00% | — |
| Increase | TMETENCENT MUSIC ENTERTAINMENT GROUP | 2.50% | 3.39% | +34.1% |
| Increase | KUAISHOU TECHNOLOGY | 3.33% | 4.08% | +18.3% |
| Increase | JD Health International Inc | 4.01% | 3.50% | +11.3% |
| Increase | BILIBILI INC. | 3.17% | 3.65% | +32.8% |
| Decrease | KE Holdings Inc. | 4.34% | 3.89% | −19.5% |
| Decrease | Netease Cloud Music Inc | 1.06% | 0.72% | −24.1% |
2 new, 0 exited, 6 increased and 6 decreased between the fund's two latest holdings reports; turnover 8.7%. Full holdings and history
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 7 active of 18 with agreements; top 3 did 87%
- Created · redeemed
- $2.6B · $2.7B over the fiscal year
- Redemptions in kind
- 30% creations 30% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.53% of assets on loan on average; earned 4.8 bp
- Return vs index
- +0.38 pts after fees; +1.08 before; daily s.d. 0.42
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
34
AUM
$5.1B
Provider
Nport
Inception
2013-07-31
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.70%
Dividend Yield
9.03%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-22 | 2025-12-23 | $2.0962 | CD |
| 2024-12-17 | 2024-12-18 | $1.0249 | CD |
| 2023-12-27 | 2023-12-29 | $0.0419 | CD |
| 2023-12-18 | 2023-12-20 | $0.4193 | CD |
| 2021-12-29 | 2021-12-31 | $2.5804 | CD |
Asset Allocation
Top Holdings
top 34 of 34 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Tencent Holdings Limited | 10.44% | Equity (common) | HK |
| PDD | PDD Holdings Inc. | 7.92% | Equity (common) | US |
| — | Alibaba Group Holding Limited | 7.70% | Equity (common) | HK |
| — | NETEASE, INC. | 6.97% | Equity (common) | HK |
| — | MEITUAN | 6.83% | Equity (common) | HK |
| — | Invesco Government & Agency Portfolio | 4.63% | Short-term investment | US |
| — | BAIDU, INC. | 4.19% | Equity (common) | HK |
| YMM | Full Truck Alliance Co Ltd | 4.15% | Equity (common) | US |
| — | KUAISHOU TECHNOLOGY | 4.08% | Equity (common) | HK |
| — | KE Holdings Inc. | 3.89% | Equity (common) | HK |
| — | JD.COM, INC. | 3.87% | Equity (common) | HK |
| — | TRIP.COM GROUP LIMITED | 3.69% | Equity (common) | HK |
| — | BILIBILI INC. | 3.65% | Equity (common) | HK |
| — | JD Health International Inc | 3.50% | Equity (common) | HK |
| TME | TENCENT MUSIC ENTERTAINMENT GROUP | 3.39% | Equity (common) | US |
| BZ | Kanzhun Ltd | 3.21% | Equity (common) | US |
| TAL | TAL EDUCATION GROUP | 2.98% | Equity (common) | US |
| VIPS | VIPSHOP HOLDINGS LIMITED | 2.46% | Equity (common) | US |
| — | KINGSOFT CORPORATION LIMITED | 2.09% | Equity (common) | HK |
| — | ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED | 1.68% | Equity (common) | HK |
| — | China Ruyi Holdings Limited | 1.41% | Equity (common) | HK |
| — | Tongcheng Travel Holdings Limited | 1.41% | Equity (common) | HK |
| JOYY | JOYY INC. | 1.28% | Equity (common) | US |
| — | XD INC. | 1.05% | Equity (common) | HK |
| — | East Buy Holding Ltd | 1.02% | Equity (common) | HK |
| — | MEITU, INC. | 1.00% | Equity (common) | HK |
| QFIN | Qfin Holdings, Inc. | 0.97% | Equity (common) | US |
| — | ZhongAn Online P & C Insurance Co., Ltd. | 0.97% | Equity (common) | HK |
| ATHM | Autohome Inc | 0.85% | Equity (common) | US |
| — | China Literature Ltd | 0.82% | Equity (common) | HK |
| — | Netease Cloud Music Inc | 0.72% | Equity (common) | HK |
| — | PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED | 0.63% | Equity (common) | HK |
| WB | WEIBO CORPORATION | 0.46% | Equity (common) | US |
| — | Damai Entertainment Holdings Limited | 0.44% | Equity (common) | HK |
Geographic Breakdown
Non-Equity Breakdown
KraneShares CSI China Internet ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$4.91B
· 34 total positions
· equity 99.72%
· non-equity 4.63%
Non-equity holdings
— 1 positions,
4.63% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 4.63% | $227.4M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 13.29% | 3.31% | 6.51% | -10.47% | 8.91% | -0.70% | 3.47% |
| Feb | -1.07% | -11.15% | -17.05% | 7.19% | 9.88% | -11.43% | -3.94% |
| Mar | -18.32% | -15.17% | 2.26% | 1.00% | 4.71% | -7.24% | -5.46% |
| Apr | -4.39% | -6.42% | -10.13% | 3.84% | -8.34% | 1.66% | -3.96% |
| May | -5.27% | 1.04% | -10.48% | 4.40% | 1.87% | -7.12% | -2.59% |
| Jun | -4.71% | 14.67% | 2.83% | -7.31% | 3.53% | -10.56% | -0.26% |
| Jul | -26.09% | -14.56% | 15.92% | -2.21% | 3.20% | 13.21% | -1.75% |
| Aug | -1.28% | 8.36% | -7.63% | -0.93% | 10.67% | -10.19% | -0.17% |
| Sep | -11.58% | -15.99% | -7.88% | 33.57% | 9.92% | -4.59% | 0.58% |
| Oct | 3.13% | -22.39% | -4.75% | -10.70% | -5.87% | -4.85%* | -7.57% |
| Nov | -12.43% | 40.23% | 8.05% | -4.23% | -5.96% | -- | 5.13% |
| Dec | -15.92% | 7.55% | -2.42% | -6.13% | -10.37% | -- | -5.46% |
| Total | -61.30% | -23.14% | -25.96% | 1.18% | 20.66% | -36.41% | -20.83% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $24.29
SMA 50: $25.08
SMA 200: $28.33
Current: $23.17
EMA 12: $24.03
EMA 26: $24.43
MACD: -0.3959 | Signal: -0.0873
BEARISH
ADX (14): 17.64
RANGE
+DI: 18.34
−DI: 39.07
Momentum Oscillators
RSI (14): 31.94
NEUTRAL
Stoch %K: 13.37
Stoch %D: 24.03
Williams %R: -88.52
Volume & Volatility
BB Upper: $25.22
BB Lower: $23.37
OVERSOLD
OBV: -507,233,417
Vol SMA 20: 17,570,378
Vol ROC: -67.79%
ATR: $0.47
True Range: $0.25
HV 20: 23.9%
HV 30: 22.2%
HV 60: 22.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report: KWEB
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Bullish momentum signals from technical indicators
- Positive news sentiment with recent headlines supporting the stock's movement
Primary risks:
- High volatility and potential for increased risk
- Bearish MACD signal, which could indicate a reversal
Investment thesis: KWEB is likely to experience continued upside momentum due to its strong technical signals and positive news sentiment. However, investors should be cautious of high volatility and potential market fluctuations.
Recent news sentiment impact: The recent headlines have been generally neutral, with only one positive headline that has contributed to the stock's upward movement.
Technical Analysis
Trend Direction: Medium-term (1-3 months) uptrend
Support/Resistance Levels:
- SMA 20: $26.46
- SMA 50: $26.73
- Upper Bollinger Band: $27.83
Momentum Signals: RSI interpretation: Neutral (36.69)
MACD signal: Bearish (-0.43 / Signal: -0.12 / Histogram: -0.31)
Bollinger Bands position: Squeeze
Volume Analysis:
- Volume SMA 20: 17431967.00
- On-Balance Volume (OBV): -17020727.03
- Volume Rate of Change: -28.32%
News & Sentiment Analysis
Recent Headlines Summary: Mixed sentiment with one positive headline, one negative headline, and three neutral headlines.
Sentiment Assessment: Neutral
Catalyst Identification: No significant upcoming events or earnings releases.
Market Narrative: The recent news has been mixed, but the overall market narrative is supporting KWEB's upward movement.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to market (beta >1.10)
Volatility Regime: High volatility regime
Options Market Signals: IV rank: 22.9% (Low) Put/Call volume ratio: 0.56 (Bullish sentiment)
Downside Protection:
- Support levels: SMA 20 ($26.46), SMA 50 ($26.73)
- Risk management considerations: Stop-loss at $24.51, position sizing based on volatility
Market Context & Positioning
Sector Performance: Outperforming the sector and market
Institutional Activity: Unusual institutional buying interest
Correlation Analysis: Strong correlation with the SPY (R-squared interpretation)
Relative Valuation: Overvalued relative to its historical range
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($26.46)
- SMA 50 ($26.73)
- Upper Bollinger Band ($27.83)
Breakout/Breakdown Levels:
- SMA 200 ($30.29) as resistance
- Lower Bollinger Band ($25.10) as support
Time-Sensitive Catalysts: No significant upcoming events or earnings releases.
Risk Management: Stop-loss at $24.51, position sizing based on volatility
Generated
News
All KWEB news →
Zacks Investment ResearchT3·1mo ago
BenzingaT3·6mo ago
BenzingaT3·7mo ago
GlobeNewswire Inc.T3·10mo ago
BenzingaT3·14mo ago
BenzingaT3·17mo ago
BenzingaT3·18mo ago
BenzingaT3·18mo ago
BenzingaT3·20mo ago
Showing 1–10 of 50
Page 1 of 5
KWEB Options Activity & IV Rank
KWEB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 29.1%
7-DTE IV: 29.1%
Expected Move: $1.53
7-DTE Move: $0.79
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 3,864
Put Volume: 1,975
P/C Volume: 0.511
BULLISH
Call OI: 235,811
Put OI: 67,761
P/C OI: 0.287
Total OI: 303,572
ATM Options Pricing
ATM Call: $0.91
ATM Put: $0.62
Call %: 3.9%
Put %: 2.7%
Chain Summary
Chain Volume: 165,821
Chain OI: 2,216,297
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 29th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
29%
vs own history
GEX tilt
+0.01
OI-weighted, today
Vanna tilt
+0.27
δ-sensitivity to IV
Charm tilt
-0.45
δ-decay vs time
Charm tilt -0.45: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 115 ATM contracts, 630k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM 29.9% / Wing —
30 DTE / 10d
46%
+1.7
pts
EXTREME
ATM 29.8% / Wing 31.5%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)51.3MediumOct 23
IV Rank (30 DTE)38.8MediumOct 23
Straddle Price (30 DTE)$1.53Oct 23
Beta Analysis
Risk Metrics
Beta: 0.9929
Alpha: -65.16%
Correlation: 0.4749
R-Squared: 22.6%
Stock Volatility: 26.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
KWEB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
66 filers$3.16B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $599.96M | 18.97% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $409.68M | 12.95% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $317.80M | 10.05% | 2026-06-30 |
| 4 | DANSKE BANK A/S | $274.31M | 8.67% | 2026-06-30 |
| 5 | UBS Group AG Custodian | $235.27M | 7.44% | 2026-06-30 |
| 6 | BNP Paribas Financial Markets Custodian | $175.59M | 5.55% | 2026-06-30 |
| 7 | Brevan Howard Capital Management LP | $116.72M | 3.69% | 2026-06-30 |
| 8 | BlackRock, Inc. Custodian | $112.54M | 3.56% | 2026-06-30 |
| 9 | Citigroup Inc. Custodian | $99.63M | 3.15% | 2026-06-30 |
| 10 | Eisler Capital Management Ltd. | $72.57M | 2.29% | 2025-09-30 |
| 11 | Millennium Management LLC Custodian | $66.63M | 2.11% | 2026-06-30 |
| 12 | Carrhae Capital LLP | $65.86M | 2.08% | 2026-06-30 |
| 13 | SONA ASSET MANAGEMENT (US) LLC | $54.31M | 1.72% | 2026-06-30 |
| 14 | Wolverine Trading, LLC Custodian | $49.93M | 1.58% | 2025-09-30 |
| 15 | TUDOR INVESTMENT CORP ET AL | $35.70M | 1.13% | 2026-06-30 |
| 16 | Squarepoint Ops LLC | $34.47M | 1.09% | 2026-06-30 |
| 17 | Walleye Trading LLC | $31.84M | 1.01% | 2026-06-30 |
| 18 | Parallax Volatility Advisers, L.P. | $29.01M | 0.92% | 2026-06-30 |
| 19 | Hidden Lake Asset Management LP | $25.45M | 0.80% | 2026-06-30 |
| 20 | ADAPT Investment Managers SA | $24.47M | 0.77% | 2026-06-30 |
| 21 | Owl Creek Asset Management, L.P. | $23.76M | 0.75% | 2026-06-30 |
| 22 | Point72 Asset Management, L.P. | $22.05M | 0.70% | 2026-06-30 |
| 23 | BlueCrest Capital Management Ltd | $20.80M | 0.66% | 2026-06-30 |
| 24 | Wells Fargo & Company Custodian | $19.20M | 0.61% | 2026-06-30 |
| 25 | PEAK6 LLC | $16.33M | 0.52% | 2026-06-30 |
37 filers$1.56B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $572.34M | 36.62% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $178.60M | 11.43% | 2026-06-30 |
| 3 | BNP Paribas Financial Markets Custodian | $122.35M | 7.83% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $110.01M | 7.04% | 2026-06-30 |
| 5 | UBS Group AG Custodian | $83.40M | 5.34% | 2026-06-30 |
| 6 | Eisler Capital Management Ltd. | $75.49M | 4.83% | 2025-09-30 |
| 7 | DANSKE BANK A/S | $53.43M | 3.42% | 2026-06-30 |
| 8 | ADAPT Investment Managers SA | $48.94M | 3.13% | 2026-06-30 |
| 9 | Millennium Management LLC Custodian | $46.60M | 2.98% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $34.77M | 2.22% | 2026-06-30 |
| 11 | Point72 Asset Management, L.P. | $30.42M | 1.95% | 2026-06-30 |
| 12 | Parallax Volatility Advisers, L.P. | $27.87M | 1.78% | 2026-06-30 |
| 13 | Squarepoint Ops LLC | $25.19M | 1.61% | 2026-06-30 |
| 14 | Balyasny Asset Management L.P. | $20.12M | 1.29% | 2026-06-30 |
| 15 | Wolverine Trading, LLC Custodian | $20.01M | 1.28% | 2025-09-30 |
| 16 | Walleye Trading LLC | $16.90M | 1.08% | 2026-06-30 |
| 17 | Wells Fargo & Company Custodian | $16.02M | 1.03% | 2026-06-30 |
| 18 | Capula Management Ltd | $14.02M | 0.90% | 2026-06-30 |
| 19 | Citigroup Inc. Custodian | $12.11M | 0.78% | 2026-06-30 |
| 20 | Barclays PLC Custodian | $11.01M | 0.70% | 2026-06-30 |
| 21 | Royal Bank of Canada Custodian | $10.40M | 0.67% | 2026-06-30 |
| 22 | Schonfeld Strategic Advisors LLC | $4.89M | 0.31% | 2026-06-30 |
| 23 | CREDIT INDUSTRIEL ET COMMERCIAL | $4.28M | 0.27% | 2026-06-30 |
| 24 | PEAK6 LLC | $4.26M | 0.27% | 2026-06-30 |
| 25 | Bank of Montreal Custodian | $2.75M | 0.18% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
42.20M
SI % of Float
22.78%
Days to Cover
2.68
Short Vol Ratio
52.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
KWEB Constituent Performance
Click any bar to view the full quote for that stock.
KWEB Constituents (10 of 10)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| PDD | PDD Holdings Inc. | 7.92% | $79.03 | -0.18% | -2.40% | +1.88% |
| YMM | Full Truck Alliance Co Ltd | 4.15% | $8.29 | -0.78% | -5.31% | +1.91% |
| TME | TENCENT MUSIC ENTERTAINMENT GROUP | 3.39% | $8.56 | -0.48% | -0.83% | +2.01% |
| BZ | Kanzhun Ltd | 3.21% | $16.48 | +0.40% | -1.58% | +16.76% |
| TAL | TAL EDUCATION GROUP | 2.98% | $10.18 | -2.68% | -15.17% | -15.17% |
| VIPS | VIPSHOP HOLDINGS LIMITED | 2.46% | $12.47 | -2.31% | -2.99% | +0.77% |
| JOYY | JOYY INC. | 1.28% | $83.57 | +0.18% | +1.16% | +4.76% |
| QFIN | Qfin Holdings, Inc. | 0.97% | $5.26 | -3.86% | -7.25% | -27.96% |
| ATHM | Autohome Inc | 0.85% | $20.16 | -1.15% | +0.07% | -5.46% |
| WB | WEIBO CORPORATION | 0.46% | $6.25 | -1.19% | -3.78% | -3.78% |