KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Short Interest Down 33.8% in May

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 92,440 shares, a drop of 33.8% from the May 14th total of 139,551 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 21,237 shares, the days-to-cover ratio is presently 4.4 days.

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

Large investors have recently bought and sold shares of the stock. CI Investments Inc. increased its stake in KraneShares MSCI China Clean Technology Index ETF by 9.4% during the 1st quarter. CI Investments Inc. now owns 17,417 shares of the company’s stock valued at $498,000 after buying an additional 1,500 shares during the period. Jane Street Group LLC acquired a new position in KraneShares MSCI China Clean Technology Index ETF during the 1st quarter valued at about $337,000. Finally, LFA Lugano Financial Advisors SA increased its stake in KraneShares MSCI China Clean Technology Index ETF by 98.3% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,313 shares of the company’s stock valued at $266,000 after buying an additional 4,617 shares during the period.

KraneShares MSCI China Clean Technology Index ETF Stock Up 0.8%

Shares of NYSEARCA:KGRN opened at $25.70 on Tuesday. The company has a market cap of $56.54 million, a PE ratio of 17.37 and a beta of 0.48. The company’s 50-day moving average price is $28.03 and its 200 day moving average price is $27.93. KraneShares MSCI China Clean Technology Index ETF has a fifty-two week low of $25.04 and a fifty-two week high of $32.95.

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.