KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Short Interest Down 19.1% in January

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 41,970 shares, a decrease of 19.1% from the January 15th total of 51,872 shares. Based on an average daily volume of 12,261 shares, the short-interest ratio is currently 3.4 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 12,261 shares, the short-interest ratio is currently 3.4 days.

KraneShares MSCI China Clean Technology Index ETF Price Performance

Shares of KGRN traded down $0.16 on Monday, reaching $27.78. The company’s stock had a trading volume of 20,852 shares, compared to its average volume of 22,858. The stock’s 50 day simple moving average is $27.56 and its two-hundred day simple moving average is $28.74. The stock has a market capitalization of $61.12 million, a P/E ratio of 17.37 and a beta of 0.60. KraneShares MSCI China Clean Technology Index ETF has a 12-month low of $21.31 and a 12-month high of $32.95.

KraneShares MSCI China Clean Technology Index ETF Announces Dividend

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

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

A number of institutional investors have recently bought and sold shares of KGRN. LFA Lugano Financial Advisors SA purchased a new position in KraneShares MSCI China Clean Technology Index ETF during the fourth quarter valued at $127,000. Jane Street Group LLC bought a new position in shares of KraneShares MSCI China Clean Technology Index ETF in the first quarter worth about $337,000. Finally, CI Investments Inc. raised its stake in shares of 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 worth $430,000 after buying an additional 2,050 shares during the period.

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.