KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 56,249 shares, a decrease of 39.2% from the May 31st total of 92,440 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 18,291 shares, the days-to-cover ratio is presently 3.1 days.
KraneShares MSCI China Clean Technology Index ETF Stock Up 0.1%
KraneShares MSCI China Clean Technology Index ETF stock traded up $0.03 during trading hours on Wednesday, hitting $23.70. 6,175 shares of the company traded hands, compared to its average volume of 19,016. The firm has a market cap of $52.14 million, a P/E ratio of 17.37 and a beta of 0.48. The firm’s 50-day simple moving average is $26.96 and its two-hundred day simple moving average is $27.63. KraneShares MSCI China Clean Technology Index ETF has a 1-year low of $23.00 and a 1-year high of $32.95.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in KGRN. CI Investments Inc. boosted its stake in KraneShares MSCI China Clean Technology Index ETF by 9.4% during the 1st quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock valued at $498,000 after purchasing an additional 1,500 shares in the last quarter. LFA Lugano Financial Advisors SA raised its stake in shares of KraneShares MSCI China Clean Technology Index ETF by 98.3% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $266,000 after buying an additional 4,617 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF in the first quarter valued at $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.
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