KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 92,440 shares, a drop of 33.8% from the May 14th total of 139,551 shares. Approximately 4.2% of the company’s stock are short sold. Based on an average daily trading volume, of 21,237 shares, the days-to-cover ratio is presently 4.4 days.
KraneShares MSCI China Clean Technology Index ETF Stock Performance
NYSEARCA:KGRN traded down $0.24 during trading hours on Wednesday, reaching $25.12. The company’s stock had a trading volume of 5,054 shares, compared to its average volume of 19,429. The company has a market capitalization of $55.26 million, a P/E ratio of 17.37 and a beta of 0.48. KraneShares MSCI China Clean Technology Index ETF has a 12 month low of $25.02 and a 12 month high of $32.95. The stock has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $27.91.
Hedge Funds Weigh In On KraneShares MSCI China Clean Technology Index ETF
A number of large investors have recently bought and sold shares of the business. CI Investments Inc. raised its stake in KraneShares MSCI China Clean Technology Index ETF by 9.4% in the first quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock worth $498,000 after buying an additional 1,500 shares in the last quarter. LFA Lugano Financial Advisors SA grew its holdings in KraneShares MSCI China Clean Technology Index ETF by 98.3% in the first quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $266,000 after purchasing an additional 4,617 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in KraneShares MSCI China Clean Technology Index ETF in the first quarter worth $337,000.
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.
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