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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,127 shares, a growth of 136.2% from the September 30th total of 2,171 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 10,929 shares, the short-interest ratio is presently 0.5 days.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

Shares of KraneShares MSCI China Clean Technology Index ETF stock traded down $0.06 during midday trading on Friday, reaching $20.73. 12,066 shares of the company’s stock traded hands, compared to its average volume of 16,806. KraneShares MSCI China Clean Technology Index ETF has a 12 month low of $20.50 and a 12 month high of $31.25. The company has a market cap of $42.50 million, a PE ratio of 17.37 and a beta of 0.47. The stock has a 50 day moving average of $21.83 and a 200-day moving average of $25.53.

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

Several large investors have recently modified their holdings of KGRN. LFA Lugano Financial Advisors SA raised its position in KraneShares MSCI China Clean Technology Index ETF by 98.3% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $266,000 after buying an additional 4,617 shares during the last quarter. CI Investments Inc. grew its holdings in KraneShares MSCI China Clean Technology Index ETF by 9.4% during the first quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock valued at $498,000 after purchasing an additional 1,500 shares during the period. Finally, Corrado Advisors LLC purchased a new position in KraneShares MSCI China Clean Technology Index ETF during the third quarter valued at approximately $1,231,000.

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.