KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Stock Short Interest Drops 46.0%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,182 shares, a decrease of 46.0% from the September 30th total of 13,306 shares. Based on an average trading volume of 25,194 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

KraneShares Global Carbon Strategy ETF Trading Up 0.1%

Shares of KraneShares Global Carbon Strategy ETF stock traded up $0.04 during midday trading on Friday, hitting $35.00. The company had a trading volume of 13,397 shares, compared to its average volume of 24,976. KraneShares Global Carbon Strategy ETF has a 1-year low of $27.00 and a 1-year high of $36.50. The business’s 50 day simple moving average is $34.35 and its two-hundred day simple moving average is $32.68.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. T3 Companies LLC acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the third quarter valued at about $1,182,000. Prime Capital Investment Advisors LLC increased its stake in KraneShares Global Carbon Strategy ETF by 5.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 26,627 shares of the company’s stock valued at $897,000 after acquiring an additional 1,464 shares during the period. Ascentis Independent Advisors bought a new position in KraneShares Global Carbon Strategy ETF during the first quarter valued at about $688,000. Invested Advisors raised its holdings in KraneShares Global Carbon Strategy ETF by 76.1% in the 3rd quarter. Invested Advisors now owns 17,979 shares of the company’s stock valued at $606,000 after acquiring an additional 7,769 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in KraneShares Global Carbon Strategy ETF by 9.6% in the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock valued at $266,000 after acquiring an additional 786 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.