KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) Sees Significant Drop in Short Interest

KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,108 shares, a decrease of 40.7% from the April 15th total of 1,868 shares. Based on an average daily trading volume, of 416 shares, the short-interest ratio is currently 2.7 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in KraneShares Sustainable Ultra Short Duration Index ETF by 35.3% during the fourth quarter. Jane Street Group LLC now owns 18,990 shares of the company’s stock worth $476,000 after buying an additional 4,954 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of KraneShares Sustainable Ultra Short Duration Index ETF in the first quarter valued at about $144,000. Finally, Krane Funds Advisors LLC raised its holdings in shares of KraneShares Sustainable Ultra Short Duration Index ETF by 12.2% in the third quarter. Krane Funds Advisors LLC now owns 8,057,400 shares of the company’s stock valued at $202,563,000 after purchasing an additional 875,800 shares during the last quarter.

KraneShares Sustainable Ultra Short Duration Index ETF Stock Performance

KCSH traded up $0.01 during trading on Monday, hitting $25.09. 10 shares of the company’s stock were exchanged, compared to its average volume of 12,991. The business’s 50 day moving average is $25.08 and its two-hundred day moving average is $25.09. KraneShares Sustainable Ultra Short Duration Index ETF has a fifty-two week low of $25.01 and a fifty-two week high of $25.26.

KraneShares Sustainable Ultra Short Duration Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.067 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.2%.

KraneShares Sustainable Ultra Short Duration Index ETF Company Profile

The KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to provide a green cash option to investors. The fund is passively managed, seeking to provide current income through ultra-short duration, USD-denominated, investment grade corporate bonds KCSH was launched on Jul 26, 2024 and is issued by KraneShares.