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home / news releases / MPNGF - Check out the Chinese Internet ETF that's plummeted to a 14-month low in just four days


MPNGF - Check out the Chinese Internet ETF that's plummeted to a 14-month low in just four days

Igor Kutyaev/iStock via Getty Images KraneShares CSI China Internet ETF (KWEB) has dropped like a stone in the midst of Chinese regulators cracking down on U.S.-listed Chinese technology stocks. The ETF sank for four straight sessions since last week, falling 22.07% in total to close Tuesday at a 14-month low of $47.65. Moreover, the daily trade volume that KWEB is witnessing has been record-setting day after day. The ETF hit a record 15.57M shares traded last Friday, surpassed by 20.78M shares on Monday and a new all-time record of 32.08M shares traded on Tuesday was some six times KWEB's recent 4.8M shares of daily average volume. KWEB is an exchange traded fund that seeks to invest in companies that provide exposure to Chinese Internet and Internet-related sectors. The fund has 56 positions, including current top holdings Tencent Holdings (9.48% of the portfolio), Alibaba Group (9.23%) and Meituan (8.34%). Other principal holdings include

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Check out the Chinese Internet ETF that’s plummeted to a 14-month low in just four days
Stock Information

Company Name: Meituan Dianping
Stock Symbol: MPNGF
Market: OTC

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