KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Stock Short Interest Falls 90.6%

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,171 shares, a drop of 90.6% from the September 15th total of 23,006 shares. Based on an average trading volume of 16,116 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

KraneShares MSCI China Clean Technology Index ETF Price Performance

KGRN traded up $0.29 during trading on Friday, reaching $21.68. 26,455 shares of the company’s stock were exchanged, compared to its average volume of 17,297. KraneShares MSCI China Clean Technology Index ETF has a 1 year low of $21.01 and a 1 year high of $31.32. The stock has a market capitalization of $46.61 million, a P/E ratio of 17.37 and a beta of 0.47. The company’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $25.24.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

An institutional investor recently raised its position in KraneShares MSCI China Clean Technology Index ETF stock. LFA Lugano Financial Advisors SA lifted its holdings in shares of KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 98.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,313 shares of the company’s stock after acquiring an additional 4,617 shares during the period. LFA Lugano Financial Advisors SA owned 0.42% of KraneShares MSCI China Clean Technology Index ETF worth $266,000 at the end of the most recent reporting period.

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.