KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) Shares Shorted: Short Interest Down 90.6% in September

KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,171 shares, a drop of 90.6% from the September 15th total of 23,006 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,116 shares, the days-to-cover ratio is presently 0.1 days.

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

An institutional investor recently raised its stake in KraneShares MSCI China Clean Technology Index ETF stock. LFA Lugano Financial Advisors SA grew its stake in KraneShares MSCI China Clean Technology Index ETF (NYSEARCA:KGRN) by 98.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,313 shares of the company’s stock after buying an additional 4,617 shares during the quarter. LFA Lugano Financial Advisors SA owned approximately 0.42% of KraneShares MSCI China Clean Technology Index ETF worth $266,000 as of its most recent SEC filing.

KraneShares MSCI China Clean Technology Index ETF Stock Up 1.4%

NYSEARCA:KGRN traded up $0.29 during midday trading on Friday, hitting $21.68. The company had a trading volume of 26,455 shares, compared to its average volume of 17,297. KraneShares MSCI China Clean Technology Index ETF has a 52-week low of $21.01 and a 52-week high of $31.32. The company has a market capitalization of $46.61 million, a PE ratio of 17.37 and a beta of 0.47. The stock’s fifty day moving average price is $22.75 and its 200-day moving average price is $25.24.

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.