The KraneShares CSI China Internet ETF (KWEB) reported a significant outflow of approximately $327.5 million, translating to a 4.3% decrease in shares outstanding from 234.9 million to 224.9 million in just one week. This change in investor sentiment comes amidst a fluctuating performance of its key holdings, including Tencent Music Entertainment Group (TME) down by 0.6%, Full Truck Alliance Co Ltd (YMM) up by 0.5%, and Kanzhun Ltd (BZ) increasing by 1.7%.
As of the last trade, KWEB is priced at $32.62, situated between its 52-week range of $27.83 (low) and $43.37 (high). The shift in shares and associated prices may impact the underlying holdings of the ETF significantly, given the relationship between unit creation or destruction and the underlying assets.
