Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Increases By 1,169.8%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 52,708 shares, an increase of 1,169.8% from the July 15th total of 4,151 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,785 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in KraneShares Global Carbon Strategy ETF by 26.0% during the first quarter. Jane Street Group LLC now owns 177,537 shares of the company’s stock valued at $5,010,000 after purchasing an additional 36,676 shares in the last quarter. Q3 Asset Management purchased a new stake in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $3,794,000. Riverwater Partners LLC raised its position in shares of KraneShares Global Carbon Strategy ETF by 3.0% during the 4th quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock worth $3,239,000 after purchasing an additional 2,670 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the 3rd quarter worth about $1,154,000. Finally, T3 Companies LLC purchased a new position in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $1,109,000.

KraneShares Global Carbon Strategy ETF Trading Up 0.1%

Shares of NYSEARCA:KRBN traded up $0.04 during midday trading on Tuesday, reaching $34.25. 2,407 shares of the company’s stock traded hands, compared to its average volume of 26,056. KraneShares Global Carbon Strategy ETF has a 1 year low of $27.00 and a 1 year high of $36.50. The company has a fifty day simple moving average of $33.49 and a two-hundred day simple moving average of $31.85.

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.