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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 12,990 shares, an increase of 265.5% from the February 12th total of 3,554 shares. Based on an average daily volume of 14,587 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 14,587 shares, the short-interest ratio is presently 0.9 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of KGRN. CI Investments Inc. grew its position in KraneShares MSCI China Clean Technology Index ETF by 14.8% in the fourth quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock valued at $430,000 after acquiring an additional 2,050 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of KraneShares MSCI China Clean Technology Index ETF in the fourth quarter valued at $127,000. Finally, Jane Street Group LLC purchased a new position in shares of KraneShares MSCI China Clean Technology Index ETF in the first quarter valued at $337,000.

KraneShares MSCI China Clean Technology Index ETF Trading Up 0.2%

NYSEARCA:KGRN traded up $0.05 during mid-day trading on Friday, hitting $29.22. The company had a trading volume of 3,785 shares, compared to its average volume of 19,429. The business has a fifty day simple moving average of $27.73 and a 200-day simple moving average of $28.75. The firm has a market capitalization of $64.28 million, a price-to-earnings ratio of 17.37 and a beta of 0.60. KraneShares MSCI China Clean Technology Index ETF has a 1 year low of $21.31 and a 1 year high of $32.95.

KraneShares MSCI China Clean Technology Index ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were issued a dividend of $0.2306 per share. This represents a dividend yield of 84.0%. The ex-dividend date was Monday, December 22nd.

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.