Short Interest in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Expands By 46.7%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 19,050 shares, an increase of 46.7% from the February 26th total of 12,990 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 14,125 shares, the days-to-cover ratio is currently 1.3 days.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

Shares of KGRN stock traded down $0.30 during trading hours on Friday, reaching $28.30. The company had a trading volume of 28,749 shares, compared to its average volume of 19,316. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $21.31 and a twelve month high of $32.95. The company has a market capitalization of $62.26 million, a P/E ratio of 17.37 and a beta of 0.60. The stock’s fifty day simple moving average is $27.95 and its 200 day simple moving average is $28.76.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

Large investors have recently bought and sold shares of the company. CI Investments Inc. raised its position in shares of KraneShares MSCI China Clean Technology Index ETF by 14.8% in the 4th quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock valued at $430,000 after purchasing an additional 2,050 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF during the fourth quarter worth approximately $127,000. Finally, Jane Street Group LLC bought a new stake in shares of KraneShares MSCI China Clean Technology Index ETF in the first quarter worth $337,000.

About KraneShares MSCI China Clean Technology Index ETF

The KraneShares MSCI China Clean Technology ETF (KGRN) is an exchange-traded fund that is based on the MSCI China IMI Environment 10-40 index. The fund tracks an index of Chinese companies that derive at least 50% of their revenue from products and services that benefit the environment. KGRN was launched on Oct 13, 2017 and is managed by KraneShares.