KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Short Interest Down 33.8% in May

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRNGet Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 92,440 shares, a decrease of 33.8% from the May 14th total of 139,551 shares. Based on an average trading volume of 21,237 shares, the days-to-cover ratio is presently 4.4 days. Currently, 4.2% of the company’s stock are sold short.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. CI Investments Inc. raised its holdings in shares of KraneShares MSCI China Clean Technology Index ETF by 9.4% during the first quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock worth $498,000 after purchasing an additional 1,500 shares during the period. Jane Street Group LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF during the first quarter worth $337,000. Finally, LFA Lugano Financial Advisors SA raised its holdings in shares of KraneShares MSCI China Clean Technology Index ETF by 98.3% during the first quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $266,000 after purchasing an additional 4,617 shares during the period.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

Shares of NYSEARCA:KGRN opened at $25.70 on Tuesday. The stock has a market capitalization of $56.54 million, a price-to-earnings ratio of 17.37 and a beta of 0.48. KraneShares MSCI China Clean Technology Index ETF has a 1-year low of $25.04 and a 1-year high of $32.95. The company’s fifty day moving average is $28.03 and its two-hundred day moving average is $27.93.

KraneShares MSCI China Clean Technology Index ETF Company Profile

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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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