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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 19,050 shares, a growth of 46.7% from the February 26th total of 12,990 shares. Currently, 0.9% of the shares of the company are sold short. 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 Price Performance

NYSEARCA:KGRN traded down $0.30 during midday trading on Friday, reaching $28.30. 28,749 shares of the company traded hands, compared to its average volume of 19,316. The firm has a market capitalization of $62.26 million, a price-to-earnings ratio of 17.37 and a beta of 0.60. The company has a fifty day moving average price of $27.95 and a 200 day moving average price of $28.76. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $21.31 and a twelve month high of $32.95.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. CI Investments Inc. grew its position in shares of KraneShares MSCI China Clean Technology Index ETF by 14.8% during the fourth quarter. CI Investments Inc. now owns 15,917 shares of the company’s stock worth $430,000 after acquiring an additional 2,050 shares during the last quarter. Jane Street Group LLC bought a new stake in KraneShares MSCI China Clean Technology Index ETF in the 1st quarter valued at about $337,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in KraneShares MSCI China Clean Technology Index ETF in the 4th quarter valued at about $127,000.

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.