KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Shares Shorted: Short Interest Up 136.2% in October

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) saw a large growth in short interest in 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. Based on an average daily volume of 10,929 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Corrado Advisors LLC acquired a new stake in shares of KraneShares MSCI China Clean Technology Index ETF in the third quarter valued at $1,231,000. CI Investments Inc. raised its stake in shares of KraneShares MSCI China Clean Technology Index ETF by 9.4% in the first quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock worth $498,000 after acquiring an additional 1,500 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of KraneShares MSCI China Clean Technology Index ETF by 98.3% during the first quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock worth $266,000 after purchasing an additional 4,617 shares in the last quarter.

KraneShares MSCI China Clean Technology Index ETF Trading Down 0.3%

KGRN stock traded down $0.07 during trading on Friday, hitting $20.72. 10,128 shares of the stock traded hands, compared to its average volume of 16,796. The stock has a market cap of $42.48 million, a price-to-earnings ratio of 17.37 and a beta of 0.47. KraneShares MSCI China Clean Technology Index ETF has a one year low of $20.50 and a one year high of $31.25. The company has a 50 day simple moving average of $21.89 and a 200 day simple moving average of $25.57.

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.