KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Shares Shorted: Short Interest Up 136.2% in October

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,127 shares, an increase of 136.2% from the September 30th total of 2,171 shares. Based on an average daily trading volume, of 10,929 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

KraneShares MSCI China Clean Technology Index ETF Trading Down 0.3%

Shares of NYSEARCA KGRN opened at $20.73 on Friday. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $20.50 and a twelve month high of $31.25. The stock has a fifty day simple moving average of $21.83 and a 200-day simple moving average of $25.53. The stock has a market capitalization of $42.50 million, a PE ratio of 17.37 and a beta of 0.47.

Hedge Funds Weigh In On KraneShares MSCI China Clean Technology Index ETF

Institutional investors have recently bought and sold shares of the company. Corrado Advisors LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF during the third quarter worth about $1,231,000. LFA Lugano Financial Advisors SA grew its holdings in shares of 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 valued at $266,000 after purchasing an additional 4,617 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in shares of 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 valued at $498,000 after purchasing an additional 1,500 shares in the last quarter.

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.