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

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 72,760 shares, an increase of 266.5% from the November 30th total of 19,850 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 33,845 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 33,845 shares, the short-interest ratio is currently 2.1 days. Approximately 3.3% of the company’s shares are short sold.

KraneShares MSCI China Clean Technology Index ETF Stock Performance

NYSEARCA KGRN traded down $0.03 during mid-day trading on Thursday, reaching $27.03. 3,245 shares of the stock were exchanged, compared to its average volume of 30,849. The stock has a market capitalization of $59.47 million, a PE ratio of 17.37 and a beta of 0.60. KraneShares MSCI China Clean Technology Index ETF has a 1-year low of $20.92 and a 1-year high of $32.95. The business’s fifty day simple moving average is $28.88 and its 200 day simple moving average is $28.53.

KraneShares MSCI China Clean Technology Index ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a dividend of $0.2306 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 84.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares MSCI China Clean Technology Index ETF stock. Jane Street Group LLC acquired a new stake in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,112 shares of the company’s stock, valued at approximately $337,000. Jane Street Group LLC owned about 0.69% of KraneShares MSCI China Clean Technology Index ETF at the end of the most recent reporting period.

KraneShares MSCI China Clean Technology Index ETF Company Profile

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.