KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 24,745 shares, a drop of 47.5% from the August 15th total of 47,156 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 13,504 shares, the days-to-cover ratio is presently 1.8 days.
KraneShares MSCI China Clean Technology Index ETF Trading Down 1.0%
Shares of NYSEARCA KGRN traded down $0.22 during mid-day trading on Wednesday, reaching $21.60. The company had a trading volume of 5,015 shares, compared to its average volume of 17,637. The company has a 50-day moving average price of $23.47 and a two-hundred day moving average price of $25.99. The stock has a market cap of $44.50 million, a PE ratio of 17.37 and a beta of 0.48. KraneShares MSCI China Clean Technology Index ETF has a 1-year low of $21.60 and a 1-year high of $32.95.
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. CI Investments Inc. raised its position in shares of KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,417 shares of the company’s stock after buying an additional 1,500 shares during the quarter. CI Investments Inc. owned 0.79% of KraneShares MSCI China Clean Technology Index ETF worth $498,000 at the end of the most recent 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.
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