KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 139,551 shares, an increase of 80.1% from the April 30th total of 77,471 shares. Based on an average trading volume of 21,496 shares, the short-interest ratio is currently 6.5 days. Currently, 6.3% of the shares of the company are sold short.
Hedge Funds Weigh In On KraneShares MSCI China Clean Technology Index ETF
Institutional investors have recently modified their holdings of the stock. LFA Lugano Financial Advisors SA raised its position 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 buying an additional 4,617 shares during the last quarter. CI Investments Inc. grew its stake in KraneShares MSCI China Clean Technology Index ETF by 14.8% during the 4th quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock valued at $430,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in KraneShares MSCI China Clean Technology Index ETF in the 1st quarter valued at about $337,000.
KraneShares MSCI China Clean Technology Index ETF Stock Up 1.5%
KraneShares MSCI China Clean Technology Index ETF stock opened at $27.67 on Tuesday. KraneShares MSCI China Clean Technology Index ETF has a 52 week low of $25.26 and a 52 week high of $32.95. The stock has a 50-day moving average price of $28.54 and a 200 day moving average price of $28.12. The company has a market capitalization of $60.87 million, a price-to-earnings ratio of 17.37 and a beta of 0.50.
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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