5-Mar-2025
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KTEC seeks to track the performance of the Hang Seng TECH Index, which captures the 30 largest companies in Hong Kongs rapidly growing technology sector. The Index provides exposure to innovative companies with strong research & development investment, high revenue growth, and themes such as cloud, E-Commerce, fintech and internet. The Index is freefloat market capitalization weighted with an 8% cap on individual constituent weighting.
Kraneshares Hang Seng Tech Index ETF trades on the ARCA stock market under the symbol KTEC.
As of March 5, 2025, KTEC stock price climbed to $17.68 with 100,880 million shares trading.
KTEC has a beta of 0.95, meaning it tends to be less sensitive to market movements. KTEC has a correlation of 0.09 to the broad based SPY ETF.
KTEC has a market cap of $29.17 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, KTEC traded as high as $17.97 and as low as $8.26.
KTEC has outperformed the market in the last year with a price return of +69.9% while the SPY ETF gained +15.2%. KTEC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +32.9% and +5.6%, respectively, while the SPY returned -3.7% and -4.6%, respectively.
KTEC support price is $16.08 and resistance is $17.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KTEC shares will trade within this expected range on the day.