KraneShares MSCI China ESG Leaders Index ETF (NYSEARCA:KESG) Stock Price Down 2.3%

KraneShares MSCI China ESG Leaders Index ETF (NYSEARCA:KESG) dropped 2.3% on Thursday . The company traded as low as $16.80 and last traded at $16.81. Approximately 2,000 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 1,230 shares. The stock had previously closed at $17.21.

KraneShares MSCI China ESG Leaders Index ETF Stock Performance

The firm has a market capitalization of $5.04 million, a P/E ratio of 9.48 and a beta of 0.35. The business has a 50 day simple moving average of $16.81 and a two-hundred day simple moving average of $16.86.

Hedge Funds Weigh In On KraneShares MSCI China ESG Leaders Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KESG. UBS Group AG boosted its holdings in KraneShares MSCI China ESG Leaders Index ETF by 164.1% during the 4th quarter. UBS Group AG now owns 2,327 shares of the company’s stock valued at $44,000 after acquiring an additional 1,446 shares during the period. Jane Street Group LLC lifted its holdings in KraneShares MSCI China ESG Leaders Index ETF by 30.5% in the 1st quarter. Jane Street Group LLC now owns 14,759 shares of the company’s stock worth $328,000 after buying an additional 3,451 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in KraneShares MSCI China ESG Leaders Index ETF in the 1st quarter worth approximately $945,000.

KraneShares MSCI China ESG Leaders Index ETF Company Profile

The KraneShares MSCI China ESG Leaders Index ETF (KESG) is an exchange-traded fund that is based on the MSCI China ESG Leaders 10\u002F40 index, a market-cap-weighted index of Chinese companies that have high environmental, social and governance ratings. KESG was launched on Jul 29, 2020 and is managed by KraneShares.