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

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

KraneShares Global Carbon Strategy ETF Stock Up 0.1%

Shares of NYSEARCA KRBN opened at $34.25 on Wednesday. KraneShares Global Carbon Strategy ETF has a twelve month low of $27.00 and a twelve month high of $36.50. The business has a fifty day simple moving average of $33.49 and a two-hundred day simple moving average of $31.85.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in KraneShares Global Carbon Strategy ETF by 26.0% during the 1st quarter. Jane Street Group LLC now owns 177,537 shares of the company’s stock worth $5,010,000 after acquiring an additional 36,676 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the 3rd quarter valued at about $1,154,000. PFG Investments LLC raised its holdings in shares of KraneShares Global Carbon Strategy ETF by 21.0% in the 4th quarter. PFG Investments LLC now owns 13,902 shares of the company’s stock valued at $492,000 after purchasing an additional 2,414 shares in the last quarter. Q3 Asset Management purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter worth approximately $3,794,000. Finally, Csenge Advisory Group purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter worth approximately $288,000.

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.