KGRN Stock Summary and Trading Ideas (Kraneshares MSCI China Clean Technology Index ETF | ARCA:KGRN)

KGRN seeks to track the performance of the MSCI China IMI Environment 10/40 Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

Kraneshares MSCI China Clean Technology Index ETF trades on the ARCA stock market under the symbol KGRN.

As of April 19, 2024, KGRN stock price declined to $19.53 with 1,043 million shares trading.

KGRN has a market cap of $54.68 million. This is considered a Micro Cap stock.

In the last 3 years, KGRN stock traded as high as $51.08 and as low as $17.56.

KGRN has underperformed the market in the last year with a return of -28.3%, while the SPY ETF gained +21.2%. In the last 3 month period, KGRN fell short of the market, returning -1.5%, while SPY returned +3.0%. However, in the most recent 2 weeks KGRN has outperformed the stock market by returning -2.9%, while SPY returned -4.5%.

KGRN support price is $19.64 and resistance is $20.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KGRN stock will trade within this expected range on the day.