Short Interest in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Drops By 39.2%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 56,249 shares, a decline of 39.2% from the May 31st total of 92,440 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 18,291 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new stake in KraneShares MSCI China Clean Technology Index ETF during the fourth quarter worth approximately $127,000. Jane Street Group LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF during the 1st quarter valued at $337,000. Finally, CI Investments Inc. boosted its stake 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 acquiring an additional 2,050 shares in the last quarter.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

NYSEARCA KGRN traded up $0.03 on Wednesday, reaching $23.70. The company’s stock had a trading volume of 6,175 shares, compared to its average volume of 19,016. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $23.00 and a twelve month high of $32.95. The stock has a market cap of $52.14 million, a PE ratio of 17.37 and a beta of 0.48. The firm’s 50 day moving average is $26.96 and its two-hundred day moving average is $27.63.

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.