Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Declines By 80.1%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 12,248 shares, a decrease of 80.1% from the August 15th total of 61,439 shares. Based on an average daily trading volume, of 10,839 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 633 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of 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 purchasing an additional 786 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $34,000. Riverwater Partners LLC boosted its position in shares of KraneShares Global Carbon Strategy ETF by 3.0% in the 4th quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock valued at $3,239,000 after purchasing an additional 2,670 shares during the period. Finally, Csenge Advisory Group purchased a new position in KraneShares Global Carbon Strategy ETF during the 4th quarter worth approximately $288,000.

KraneShares Global Carbon Strategy ETF Trading Down 0.9%

Shares of NYSEARCA KRBN traded down $0.33 during mid-day trading on Friday, reaching $34.68. The company had a trading volume of 49,087 shares, compared to its average volume of 26,495. The firm has a 50 day simple moving average of $34.21 and a two-hundred day simple moving average of $32.23. 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.