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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a large decrease in short interest in 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 company’s stock are sold short. Based on an average trading volume of 18,291 shares, the days-to-cover ratio is currently 3.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGRN. CI Investments Inc. lifted its stake 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 worth $498,000 after buying an additional 1,500 shares during the last quarter. LFA Lugano Financial Advisors SA grew its stake in 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 valued at $266,000 after buying an additional 4,617 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in KraneShares MSCI China Clean Technology Index ETF in the 1st quarter valued at $337,000.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

Shares of NYSEARCA KGRN traded down $0.31 during mid-day trading on Thursday, reaching $23.38. 5,515 shares of the company traded hands, compared to its average volume of 18,949. The company’s fifty day moving average is $26.85 and its two-hundred day moving average is $27.60. KraneShares MSCI China Clean Technology Index ETF has a fifty-two week low of $23.00 and a fifty-two week high of $32.95. The stock has a market cap of $52.60 million, a PE ratio of 17.37 and a beta of 0.49.

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.