KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Stock Short Interest Climbs 136.2%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,127 shares, a growth of 136.2% from the September 30th total of 2,171 shares. Based on an average trading volume of 10,929 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

KraneShares MSCI China Clean Technology Index ETF Price Performance

KraneShares MSCI China Clean Technology Index ETF stock traded down $0.07 during midday trading on Friday, reaching $20.72. The stock had a trading volume of 10,128 shares, compared to its average volume of 16,796. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $20.50 and a twelve month high of $31.25. The firm has a market cap of $42.48 million, a price-to-earnings ratio of 17.37 and a beta of 0.47. The firm’s fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $25.57.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Corrado Advisors LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF in the 3rd quarter valued at $1,231,000. CI Investments Inc. raised its holdings in KraneShares MSCI China Clean Technology Index ETF by 9.4% in the 1st quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock worth $498,000 after acquiring an additional 1,500 shares during the period. Finally, LFA Lugano Financial Advisors SA grew its holdings 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.

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.