KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 258,682 shares, a drop of 43.2% from the September 30th total of 455,237 shares. Based on an average trading volume of 145,143 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.1% of the shares of the stock are short sold.
KraneShares MSCI All China Health Care Index ETF Stock Down 1.0%
KURE traded down $0.18 during trading on Friday, reaching $17.62. The stock had a trading volume of 21,418 shares, compared to its average volume of 52,098. The firm has a market capitalization of $108.36 million, a price-to-earnings ratio of 24.69 and a beta of 0.24. KraneShares MSCI All China Health Care Index ETF has a 1-year low of $14.38 and a 1-year high of $19.93. The stock has a 50 day moving average of $18.48 and a two-hundred day moving average of $17.48.
Institutional Trading of KraneShares MSCI All China Health Care Index ETF
A hedge fund recently bought a new stake in KraneShares MSCI All China Health Care Index ETF stock. Trek Financial LLC acquired a new position in KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 819,686 shares of the company’s stock, valued at approximately $15,779,000. Trek Financial LLC owned approximately 13.33% of KraneShares MSCI All China Health Care Index ETF as of its most recent filing with the SEC.
About KraneShares MSCI All China Health Care Index ETF
The KraneShares MSCI All China Health Care Index ETF (KURE) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market cap-weighted index of large- and mid-cap Chinese stocks in the health care sector. KURE was launched on Feb 1, 2018 and is managed by KraneShares.
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