KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) Short Interest Down 40.7% in April

KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,108 shares, a drop of 40.7% from the April 15th total of 1,868 shares. Based on an average daily volume of 416 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.0% of the shares of the stock are sold short.

KraneShares Sustainable Ultra Short Duration Index ETF Stock Performance

Shares of NYSEARCA:KCSH remained flat at $25.09 during mid-day trading on Tuesday. The company had a trading volume of 10 shares, compared to its average volume of 12,991. The business has a 50-day moving average of $25.08 and a 200 day moving average of $25.09. KraneShares Sustainable Ultra Short Duration Index ETF has a 12 month low of $25.01 and a 12 month high of $25.26.

KraneShares Sustainable Ultra Short Duration Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a $0.067 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Investors Weigh In On KraneShares Sustainable Ultra Short Duration Index ETF

A number of hedge funds have recently bought and sold shares of KCSH. Jane Street Group LLC grew its stake in shares of KraneShares Sustainable Ultra Short Duration Index ETF by 35.3% in the 4th quarter. Jane Street Group LLC now owns 18,990 shares of the company’s stock worth $476,000 after buying an additional 4,954 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of KraneShares Sustainable Ultra Short Duration Index ETF during the 1st quarter valued at about $144,000. Finally, Krane Funds Advisors LLC lifted its holdings in shares of KraneShares Sustainable Ultra Short Duration Index ETF by 12.2% in the 3rd quarter. Krane Funds Advisors LLC now owns 8,057,400 shares of the company’s stock valued at $202,563,000 after acquiring an additional 875,800 shares during the last quarter.

About KraneShares Sustainable Ultra Short Duration Index ETF

The KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to provide a green cash option to investors. The fund is passively managed, seeking to provide current income through ultra-short duration, USD-denominated, investment grade corporate bonds KCSH was launched on Jul 26, 2024 and is issued by KraneShares.