KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Sees Large Drop in Short Interest

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,151 shares, a drop of 48.5% from the June 30th total of 8,053 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 13,241 shares, the days-to-cover ratio is presently 0.3 days.

KraneShares Global Carbon Strategy ETF Stock Performance

Shares of KRBN stock traded down $0.02 during mid-day trading on Wednesday, reaching $33.46. The company’s stock had a trading volume of 6,484 shares, compared to its average volume of 24,339. The company’s 50 day simple moving average is $33.28 and its 200-day simple moving average is $31.97. KraneShares Global Carbon Strategy ETF has a 12-month low of $27.00 and a 12-month high of $36.50.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter valued at $34,000. Rockefeller Capital Management L.P. lifted its stake 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 acquiring an additional 633 shares in the last quarter. Wealthfront Advisers LLC boosted its position 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 acquiring an additional 786 shares during the period. Csenge Advisory Group purchased a new position in KraneShares Global Carbon Strategy ETF during the 4th quarter valued at about $288,000. Finally, PFG Investments LLC lifted its position in shares of KraneShares Global Carbon Strategy ETF by 21.0% in the fourth quarter. PFG Investments LLC now owns 13,902 shares of the company’s stock worth $492,000 after purchasing an additional 2,414 shares in the last quarter.

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.