KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) Short Interest Up 240.7% in May

KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,775 shares, an increase of 240.7% from the April 30th total of 1,108 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 12,082 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC increased its position in KraneShares Sustainable Ultra Short Duration Index ETF by 12.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 8,057,400 shares of the company’s stock valued at $202,563,000 after purchasing an additional 875,800 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of KraneShares Sustainable Ultra Short Duration Index ETF in the 1st quarter worth about $144,000. Finally, Jane Street Group LLC grew its position in shares of KraneShares Sustainable Ultra Short Duration Index ETF by 35.3% in the 4th quarter. Jane Street Group LLC now owns 18,990 shares of the company’s stock worth $476,000 after buying an additional 4,954 shares during the period.

KraneShares Sustainable Ultra Short Duration Index ETF Stock Up 0.0%

KraneShares Sustainable Ultra Short Duration Index ETF stock traded up $0.01 during mid-day trading on Friday, reaching $25.05. 32 shares of the company traded hands, compared to its average volume of 12,008. The firm’s 50 day moving average price is $25.08 and its 200 day moving average price is $25.09. KraneShares Sustainable Ultra Short Duration Index ETF has a 52-week low of $25.01 and a 52-week high of $25.26.

About KraneShares Sustainable Ultra Short Duration Index ETF

The KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to provide a green cash option to investors. The fund is passively managed, seeking to provide current income through ultra-short duration, USD-denominated, investment grade corporate bonds KCSH was launched on Jul 26, 2024 and is issued by KraneShares.