KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Sees Significant Decrease in Short Interest

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 24,745 shares, a decline of 47.5% from the August 15th total of 47,156 shares. Based on an average trading volume of 13,504 shares, the short-interest ratio is currently 1.8 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

A hedge fund recently raised its stake in KraneShares MSCI China Clean Technology Index ETF stock. LFA Lugano Financial Advisors SA boosted its holdings in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 98.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,313 shares of the company’s stock after purchasing an additional 4,617 shares during the quarter. LFA Lugano Financial Advisors SA owned about 0.42% of KraneShares MSCI China Clean Technology Index ETF worth $266,000 as of its most recent SEC filing.

KraneShares MSCI China Clean Technology Index ETF Price Performance

Shares of KGRN traded up $0.13 during midday trading on Thursday, reaching $21.73. The stock had a trading volume of 5,536 shares, compared to its average volume of 17,569. KraneShares MSCI China Clean Technology Index ETF has a 1-year low of $21.60 and a 1-year high of $32.95. The company’s fifty day simple moving average is $23.47 and its two-hundred day simple moving average is $25.99. The company has a market cap of $44.76 million, a price-to-earnings ratio of 17.37 and a beta of 0.48.

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.