KraneShares MSCI China ESG Leaders Index ETF (NYSEARCA:KESG) Trading Down 2.3%

KraneShares MSCI China ESG Leaders Index ETF (NYSEARCA:KESG) shares dropped 2.3% during mid-day trading on Thursday . The company traded as low as $16.80 and last traded at $16.81. Approximately 2,000 shares were traded during trading, an increase of 63% from the average daily volume of 1,230 shares. The stock had previously closed at $17.21.

KraneShares MSCI China ESG Leaders Index ETF Stock Down 2.3 %

The stock has a fifty day simple moving average of $16.81 and a 200-day simple moving average of $16.86. The stock has a market cap of $5.04 million, a P/E ratio of 9.48 and a beta of 0.35.

Hedge Funds Weigh In On KraneShares MSCI China ESG Leaders Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in shares of KraneShares MSCI China ESG Leaders Index ETF in the 1st quarter valued at about $945,000. Jane Street Group LLC grew its position in shares of KraneShares MSCI China ESG Leaders Index ETF by 28.3% in the 4th quarter. Jane Street Group LLC now owns 40,444 shares of the company’s stock valued at $769,000 after buying an additional 8,931 shares during the last quarter. Finally, UBS Group AG grew its position in shares of KraneShares MSCI China ESG Leaders Index ETF by 164.1% in the 4th quarter. UBS Group AG now owns 2,327 shares of the company’s stock valued at $44,000 after buying an additional 1,446 shares during the last quarter.

About KraneShares MSCI China ESG Leaders Index ETF

The KraneShares MSCI China ESG Leaders Index ETF (KESG) is an exchange-traded fund that is based on the MSCI China ESG Leaders 10\u002F40 index, a market-cap-weighted index of Chinese companies that have high environmental, social and governance ratings. KESG was launched on Jul 29, 2020 and is managed by KraneShares.