iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Growth in Short Interest

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 37,625 shares, an increase of 46.5% from the August 31st total of 25,676 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 10,907 shares, the days-to-cover ratio is presently 3.4 days.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

CRBN traded up $2.41 on Friday, hitting $258.05. The company had a trading volume of 3,890 shares, compared to its average volume of 8,631. iShares MSCI ACWI Low Carbon Target ETF has a 52-week low of $215.29 and a 52-week high of $262.08. The firm has a market capitalization of $1.17 billion, a P/E ratio of -2,345.91 and a beta of 0.93. The stock has a fifty day simple moving average of $257.22 and a 200-day simple moving average of $248.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. One Capital Management LLC lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 15.0% during the fourth quarter. One Capital Management LLC now owns 1,374 shares of the company’s stock valued at $317,000 after purchasing an additional 179 shares in the last quarter. Financial Futures Ltd Liability Co. raised its position in iShares MSCI ACWI Low Carbon Target ETF by 15.7% in the 1st quarter. Financial Futures Ltd Liability Co. now owns 1,519 shares of the company’s stock worth $339,000 after buying an additional 206 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares MSCI ACWI Low Carbon Target ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,967 shares of the company’s stock worth $2,015,000 after buying an additional 268 shares during the last quarter. Gradient Investments LLC lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 4.0% during the 2nd quarter. Gradient Investments LLC now owns 8,150 shares of the company’s stock valued at $2,062,000 after acquiring an additional 316 shares during the period. Finally, Midwest Financial Partners Investments Inc. lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 3.7% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 11,394 shares of the company’s stock valued at $2,539,000 after acquiring an additional 405 shares during the period.

iShares MSCI ACWI Low Carbon Target ETF Company Profile

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.