KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE) Stock Short Interest Falls 43.2%

KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 258,682 shares, a decrease of 43.2% from the September 30th total of 455,237 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 145,143 shares, the days-to-cover ratio is currently 1.8 days.

KraneShares MSCI All China Health Care Index ETF Price Performance

Shares of KURE opened at $17.34 on Tuesday. The stock has a 50-day moving average of $18.45 and a 200-day moving average of $17.47. The company has a market cap of $106.64 million, a PE ratio of 24.69 and a beta of 0.24. KraneShares MSCI All China Health Care Index ETF has a one year low of $14.38 and a one year high of $19.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in KraneShares MSCI All China Health Care Index ETF stock. Trek Financial LLC acquired a new stake in KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 819,686 shares of the company’s stock, valued at approximately $15,779,000. Trek Financial LLC owned 13.33% of KraneShares MSCI All China Health Care Index ETF as of its most recent filing with the Securities & Exchange Commission.

About KraneShares MSCI All China Health Care Index ETF

The KraneShares MSCI All China Health Care Index ETF (KURE) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market cap-weighted index of large- and mid-cap Chinese stocks in the health care sector. KURE was launched on Feb 1, 2018 and is managed by KraneShares.