iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Stock Short Interest Rises 46.5%

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Allianz SE lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after buying an additional 6,500 shares in the last quarter. Investure LLC raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.5% in the fourth quarter. Investure LLC now owns 104,151 shares of the company’s stock worth $24,010,000 after acquiring an additional 1,490 shares during the last quarter. Bank of America Corp DE lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock valued at $23,692,000 after acquiring an additional 545 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 40.6% during the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock valued at $6,602,000 after acquiring an additional 8,557 shares during the last quarter. Finally, Midwest Financial Partners Investments Inc. raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 3.7% in the 1st quarter. Midwest Financial Partners Investments Inc. now owns 11,394 shares of the company’s stock valued at $2,539,000 after purchasing an additional 405 shares during the last quarter.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

NYSEARCA CRBN traded down $0.99 during trading hours on Thursday, reaching $255.15. The company’s stock had a trading volume of 4,154 shares, compared to its average volume of 8,647. The company’s 50-day moving average is $257.08 and its two-hundred day moving average is $248.67. iShares MSCI ACWI Low Carbon Target ETF has a fifty-two week low of $215.29 and a fifty-two week high of $262.08. The stock has a market cap of $1.16 billion, a PE ratio of -2,319.55 and a beta of 0.93.

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.