Short Interest in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Rises By 46.7%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRNGet Free Report) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 19,050 shares, an increase of 46.7% from the February 26th total of 12,990 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 14,125 shares, the days-to-cover ratio is currently 1.3 days.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

NYSEARCA KGRN traded up $0.12 during mid-day trading on Monday, reaching $28.42. 1,822 shares of the stock were exchanged, compared to its average volume of 19,010. The business’s 50 day moving average is $27.95 and its 200-day moving average is $28.76. KraneShares MSCI China Clean Technology Index ETF has a 1 year low of $21.31 and a 1 year high of $32.95. The company has a market capitalization of $62.52 million, a P/E ratio of 17.37 and a beta of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in KraneShares MSCI China Clean Technology Index ETF during the first quarter valued at $337,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of KraneShares MSCI China Clean Technology Index ETF during the fourth quarter worth about $127,000. Finally, CI Investments Inc. raised its position in shares of KraneShares MSCI China Clean Technology Index ETF by 14.8% during the 4th quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock worth $430,000 after purchasing an additional 2,050 shares during the last quarter.

About KraneShares MSCI China Clean Technology Index ETF

(Get Free Report)

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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