KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Stock Short Interest Drops 90.6%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 2,171 shares, a decrease of 90.6% from the September 15th total of 23,006 shares. Based on an average daily volume of 16,116 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

Shares of KGRN traded up $0.29 during midday trading on Friday, hitting $21.68. 26,455 shares of the stock were exchanged, compared to its average volume of 17,297. KraneShares MSCI China Clean Technology Index ETF has a 52-week low of $21.01 and a 52-week high of $31.32. The stock has a fifty day simple moving average of $22.70 and a 200 day simple moving average of $25.21. The firm has a market cap of $46.61 million, a P/E ratio of 17.37 and a beta of 0.47.

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

A hedge fund recently raised its position in KraneShares MSCI China Clean Technology Index ETF stock. LFA Lugano Financial Advisors SA raised its position in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 98.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,313 shares of the company’s stock after acquiring an additional 4,617 shares during the quarter. LFA Lugano Financial Advisors SA owned approximately 0.42% of KraneShares MSCI China Clean Technology Index ETF worth $266,000 as of its most recent SEC filing.

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.