KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 92,440 shares, a decline of 33.8% from the May 14th total of 139,551 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 21,237 shares, the short-interest ratio is presently 4.4 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of KGRN. CI Investments Inc. raised its holdings in shares of KraneShares MSCI China Clean Technology Index ETF by 14.8% in the 4th quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock worth $430,000 after purchasing an additional 2,050 shares during the period. Jane Street Group LLC bought a new position in KraneShares MSCI China Clean Technology Index ETF during the first quarter valued at $337,000. Finally, LFA Lugano Financial Advisors SA increased its position in 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 worth $266,000 after buying an additional 4,617 shares during the last quarter.
KraneShares MSCI China Clean Technology Index ETF Stock Performance
KGRN opened at $24.87 on Thursday. The firm has a market cap of $54.71 million, a P/E ratio of 17.37 and a beta of 0.48. The firm has a 50-day moving average of $27.90 and a 200 day moving average of $27.89. KraneShares MSCI China Clean Technology Index ETF has a fifty-two week low of $24.86 and a fifty-two week high of $32.95.
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.
Read More
- Five stocks we like better than KraneShares MSCI China Clean Technology Index ETF
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for KraneShares MSCI China Clean Technology Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares MSCI China Clean Technology Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
