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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,461 shares, a drop of 58.3% from the May 14th total of 27,511 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 8,199 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Several institutional investors have recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 7.0% in the 3rd quarter. Comerica Bank now owns 994 shares of the company’s stock worth $226,000 after acquiring an additional 65 shares during the last quarter. Westmount Partners LLC lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.5% in the 4th quarter. Westmount Partners LLC now owns 4,208 shares of the company’s stock worth $970,000 after acquiring an additional 142 shares during the last quarter. Financial Futures Ltd Liability Co. lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 12.2% in the 4th quarter. Financial Futures Ltd Liability Co. now owns 1,313 shares of the company’s stock worth $303,000 after acquiring an additional 143 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after acquiring an additional 147 shares during the last quarter. Finally, Resources Management Corp CT ADV bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth about $34,000.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 2.1%

iShares MSCI ACWI Low Carbon Target ETF stock opened at $251.08 on Friday. The firm has a 50-day moving average price of $244.93 and a 200-day moving average price of $236.77. The firm has a market capitalization of $1.10 billion, a PE ratio of -2,282.55 and a beta of 0.93. iShares MSCI ACWI Low Carbon Target ETF has a 12-month low of $202.56 and a 12-month high of $257.83.

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.