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

KraneShares MSCI China ESG Leaders Index ETF (NYSEARCA:KESG)’s share price traded down 2.3% during mid-day trading on Wednesday . The stock traded as low as $16.80 and last traded at $16.81. 2,000 shares traded hands during trading, an increase of 63% from the average session volume of 1,230 shares. The stock had previously closed at $17.21.

KraneShares MSCI China ESG Leaders Index ETF Price Performance

The firm has a 50 day simple moving average of $17.61 and a 200-day simple moving average of $18.39. The stock has a market capitalization of $5.04 million, a price-to-earnings ratio of 9.48 and a beta of 0.35.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in KraneShares MSCI China ESG Leaders Index ETF by 164.1% during the fourth quarter. UBS Group AG now owns 2,327 shares of the company’s stock worth $44,000 after acquiring an additional 1,446 shares in the last quarter. Flow Traders U.S. LLC increased its stake in shares of KraneShares MSCI China ESG Leaders Index ETF by 3.8% in the second quarter. Flow Traders U.S. LLC now owns 89,562 shares of the company’s stock valued at $1,639,000 after buying an additional 3,315 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of KraneShares MSCI China ESG Leaders Index ETF by 30.5% in the first quarter. Jane Street Group LLC now owns 14,759 shares of the company’s stock valued at $328,000 after buying an additional 3,451 shares in 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.