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

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,847 shares, a decline of 41.1% from the May 31st total of 8,231 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 20,443 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Several institutional investors have recently added to or reduced their stakes in KRBN. Prime Capital Investment Advisors LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $1,260,000. T3 Companies LLC purchased a new stake in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter worth $1,109,000. Flow Traders U.S. LLC increased its position in shares of KraneShares Global Carbon Strategy ETF by 203.9% during the third quarter. Flow Traders U.S. LLC now owns 155,250 shares of the company’s stock worth $5,030,000 after acquiring an additional 104,172 shares during the period. Q3 Asset Management purchased a new position in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at $3,794,000. Finally, WBI Investments LLC raised its position in KraneShares Global Carbon Strategy ETF by 51.0% in the 3rd quarter. WBI Investments LLC now owns 101,677 shares of the company’s stock valued at $3,294,000 after purchasing an additional 34,320 shares in the last quarter.

KraneShares Global Carbon Strategy ETF Stock Performance

KraneShares Global Carbon Strategy ETF stock remained flat at $33.16 during mid-day trading on Friday. The company had a trading volume of 9,942 shares, compared to its average volume of 25,901. The business has a 50-day moving average price of $32.51 and a two-hundred day moving average price of $32.19. KraneShares Global Carbon Strategy ETF has a 52 week low of $27.00 and a 52 week high of $36.50.

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.