KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Sees Large Decrease in Short Interest

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 56,249 shares, a decline of 39.2% from the May 31st total of 92,440 shares. Based on an average daily volume of 18,291 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.6% of the company’s stock are short sold.

Institutional Investors Weigh In On KraneShares MSCI China Clean Technology Index ETF

Institutional investors have recently modified their holdings of the stock. CI Investments Inc. increased 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 valued at $498,000 after acquiring an additional 1,500 shares in the last quarter. Jane Street Group LLC bought a new position in KraneShares MSCI China Clean Technology Index ETF in the 1st quarter worth about $337,000. Finally, LFA Lugano Financial Advisors SA grew its position in KraneShares MSCI China Clean Technology Index ETF by 98.3% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock valued at $266,000 after purchasing an additional 4,617 shares during the last quarter.

KraneShares MSCI China Clean Technology Index ETF Price Performance

Shares of KraneShares MSCI China Clean Technology Index ETF stock remained flat at $23.38 during midday trading on Friday. The company had a trading volume of 5,515 shares, compared to its average volume of 18,949. KraneShares MSCI China Clean Technology Index ETF has a 52 week low of $23.00 and a 52 week high of $32.95. The firm has a market cap of $52.60 million, a PE ratio of 17.37 and a beta of 0.49. The firm has a 50-day moving average price of $26.73 and a 200 day moving average price of $27.57.

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.