KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Sees Large Increase in Short Interest

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 139,551 shares, an increase of 80.1% from the April 30th total of 77,471 shares. Currently, 6.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,496 shares, the days-to-cover ratio is currently 6.5 days.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

KraneShares MSCI China Clean Technology Index ETF stock opened at $27.23 on Thursday. The firm’s fifty day moving average price is $28.50 and its 200-day moving average price is $28.08. The stock has a market cap of $59.91 million, a P/E ratio of 17.37 and a beta of 0.50. KraneShares MSCI China Clean Technology Index ETF has a fifty-two week low of $25.26 and a fifty-two week high of $32.95.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in KGRN. Jane Street Group LLC bought a new position in shares of KraneShares MSCI China Clean Technology Index ETF during the 1st quarter valued at $337,000. LFA Lugano Financial Advisors SA bought a new position in shares of KraneShares MSCI China Clean Technology Index ETF during the 4th quarter valued at $127,000. Finally, CI Investments Inc. grew its holdings in shares of KraneShares MSCI China Clean Technology Index ETF by 14.8% during 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 during the last quarter.

KraneShares MSCI China Clean Technology Index ETF Company Profile

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.