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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 24,745 shares, a decline of 47.5% from the August 15th total of 47,156 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 13,504 shares, the days-to-cover ratio is currently 1.8 days.

KraneShares MSCI China Clean Technology Index ETF Stock Down 1.7%

Shares of KraneShares MSCI China Clean Technology Index ETF stock traded down $0.37 during mid-day trading on Tuesday, hitting $21.82. The stock had a trading volume of 36,504 shares, compared to its average volume of 17,709. The firm has a 50-day moving average of $23.54 and a two-hundred day moving average of $26.08. The firm has a market cap of $49.09 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 $21.78 and a 12-month high of $32.95.

Institutional Inflows and Outflows

A hedge fund recently raised its position in KraneShares MSCI China Clean Technology Index ETF stock. CI Investments Inc. grew its stake in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 9.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,417 shares of the company’s stock after acquiring an additional 1,500 shares during the period. CI Investments Inc. owned about 0.79% of KraneShares MSCI China Clean Technology Index ETF worth $498,000 as of its most recent filing with the SEC.

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.