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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 24,745 shares, a decrease of 47.5% from the August 15th total of 47,156 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 13,504 shares, the short-interest ratio is presently 1.8 days.

KraneShares MSCI China Clean Technology Index ETF Price Performance

Shares of NYSEARCA:KGRN traded down $0.37 during midday trading on Tuesday, hitting $21.82. The company had a trading volume of 36,504 shares, compared to its average volume of 17,709. KraneShares MSCI China Clean Technology Index ETF has a twelve month low of $21.78 and a twelve month high of $32.95. The stock has a market cap of $49.09 million, a price-to-earnings ratio of 17.37 and a beta of 0.48. The business’s 50-day simple moving average is $23.54 and its 200-day simple moving average is $26.08.

Institutional Trading of KraneShares MSCI China Clean Technology Index ETF

A hedge fund recently raised its position in KraneShares MSCI China Clean Technology Index ETF stock. CI Investments Inc. increased its position in shares of KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 9.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,417 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. CI Investments Inc. owned approximately 0.79% of KraneShares MSCI China Clean Technology Index ETF worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

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.