KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 258,682 shares, a drop of 43.2% from the September 30th total of 455,237 shares. Based on an average daily volume of 145,143 shares, the days-to-cover ratio is presently 1.8 days. Currently, 4.1% of the shares of the company are short sold.
Hedge Funds Weigh In On KraneShares MSCI All China Health Care Index ETF
An institutional investor recently bought a new position in KraneShares MSCI All China Health Care Index ETF stock. Trek Financial LLC bought a new stake in shares of KraneShares MSCI All China Health Care Index ETF (NYSEARCA:KURE – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 819,686 shares of the company’s stock, valued at approximately $15,779,000. Trek Financial LLC owned 13.33% of KraneShares MSCI All China Health Care Index ETF at the end of the most recent quarter.
KraneShares MSCI All China Health Care Index ETF Price Performance
Shares of NYSEARCA KURE traded down $0.18 during midday trading on Friday, hitting $17.62. 21,418 shares of the company’s stock were exchanged, compared to its average volume of 52,098. KraneShares MSCI All China Health Care Index ETF has a twelve month low of $14.38 and a twelve month high of $19.93. The firm has a market cap of $108.36 million, a P/E ratio of 24.69 and a beta of 0.24. The stock’s 50 day moving average price is $18.48 and its 200-day moving average price is $17.48.
KraneShares MSCI All China Health Care Index ETF Company Profile
The KraneShares MSCI All China Health Care Index ETF (KURE) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market cap-weighted index of large- and mid-cap Chinese stocks in the health care sector. KURE was launched on Feb 1, 2018 and is managed by KraneShares.
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