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

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 12,248 shares, a decrease of 80.1% from the August 15th total of 61,439 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 10,839 shares, the days-to-cover ratio is currently 1.1 days.

KraneShares Global Carbon Strategy ETF Stock Down 0.9%

Shares of KraneShares Global Carbon Strategy ETF stock traded down $0.33 on Friday, reaching $34.68. The company’s stock had a trading volume of 49,087 shares, compared to its average volume of 26,495. KraneShares Global Carbon Strategy ETF has a 52-week low of $27.00 and a 52-week high of $36.50. The stock has a 50-day moving average price of $34.21 and a 200-day moving average price of $32.23.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in KraneShares Global Carbon Strategy ETF during the fourth quarter valued at $34,000. Rockefeller Capital Management L.P. boosted its holdings in KraneShares Global Carbon Strategy ETF by 184.5% in the 4th 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 last quarter. Csenge Advisory Group purchased a new stake in KraneShares Global Carbon Strategy ETF during the 4th quarter worth approximately $288,000. Wealthfront Advisers LLC increased its stake in KraneShares Global Carbon Strategy ETF by 9.6% during the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock worth $266,000 after buying an additional 786 shares in the last quarter. Finally, Invested Advisors acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the second quarter valued at approximately $339,000.

KraneShares Global Carbon Strategy ETF Company Profile

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.