KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Update

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,231 shares, a decline of 71.2% from the March 31st total of 21,667 shares. Based on an average daily trading volume, of 12,139 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock worth $35,000 after buying an additional 633 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at about $34,000. Jane Street Group LLC lifted its position in KraneShares Global Carbon Strategy ETF by 123.3% during the 4th quarter. Jane Street Group LLC now owns 93,719 shares of the company’s stock worth $3,318,000 after acquiring an additional 51,757 shares in the last quarter. Riverwater Partners LLC lifted its position in KraneShares Global Carbon Strategy ETF by 3.0% during the 4th quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock worth $3,239,000 after acquiring an additional 2,670 shares in the last quarter. Finally, T3 Companies LLC purchased a new position in KraneShares Global Carbon Strategy ETF in the 4th quarter worth approximately $1,109,000.

KraneShares Global Carbon Strategy ETF Stock Performance

Shares of KRBN stock traded up $0.34 during mid-day trading on Friday, reaching $31.20. The company’s stock had a trading volume of 5,769 shares, compared to its average volume of 30,879. The company’s 50 day simple moving average is $29.63 and its 200-day simple moving average is $32.63. KraneShares Global Carbon Strategy ETF has a 12-month low of $27.00 and a 12-month high of $36.50.

About KraneShares Global Carbon Strategy ETF

The KraneShares Global Carbon ETF (KRBN) is an exchange-traded fund that is based on the IHS Markit Global Carbon index. The fund seeks to track a carbon credit futures index that weights holdings based on trade volume. The fund holds December futures from three major cap-and-trade programs KRBN was launched on Jul 30, 2020 and is managed by KraneShares.