Short Interest in KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSH) Declines By 40.7%

KraneShares Sustainable Ultra Short Duration Index ETF (NYSEARCA:KCSHGet Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,108 shares, a drop of 40.7% from the April 15th total of 1,868 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 416 shares, the days-to-cover ratio is currently 2.7 days.

KraneShares Sustainable Ultra Short Duration Index ETF Trading Up 0.0%

Shares of KCSH traded up $0.01 during trading hours on Monday, hitting $25.09. The stock had a trading volume of 10 shares, compared to its average volume of 12,991. The company’s fifty day simple moving average is $25.08 and its 200 day simple moving average is $25.09. KraneShares Sustainable Ultra Short Duration Index ETF has a 12-month low of $25.01 and a 12-month high of $25.26.

KraneShares Sustainable Ultra Short Duration Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a $0.067 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC raised 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. Ascentis Independent Advisors purchased a new position in shares of KraneShares Sustainable Ultra Short Duration Index ETF in the 1st quarter worth $144,000. Finally, Krane Funds Advisors LLC raised its position in KraneShares Sustainable Ultra Short Duration Index ETF by 12.2% in the third 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.

About KraneShares Sustainable Ultra Short Duration Index ETF

(Get Free Report)

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.

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