KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN – Get 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
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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