KWEB Stock Summary and Trading Ideas (Kraneshares Trust Kraneshares Csi China Internet ETF | ARCA:KWEB)

The KraneShares CSI China Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities benchmark.

Kraneshares Trust Kraneshares Csi China Internet ETF trades on the ARCA stock market under the symbol KWEB.

As of November 14, 2024, KWEB stock price declined to $30.03 with 20,112,179 million shares trading.

KWEB has a beta of 0.69, meaning it tends to be less sensitive to market movements. KWEB has a correlation of 0.04 to the broad based SPY ETF.

KWEB has a market cap of $6.45 billion. This is considered a Mid Cap stock.

In the last 3 years, KWEB traded as high as $52.45 and as low as $17.22.

KWEB has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +36.4%. However, in the short term, KWEB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.9% vs +9.8% return in SPY. But in the last 2 weeks, KWEB shares have been beat by the market, returning -7.3% compared to an SPY return of +2.3%.

KWEB support price is $29.65 and resistance is $31.33 (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 KWEB shares will trade within this expected range on the day.