KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 13,306 shares, a drop of 62.6% from the September 15th total of 35,573 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 13,382 shares, the short-interest ratio is currently 1.0 days.
KraneShares Global Carbon Strategy ETF Stock Down 1.0%
NYSEARCA:KRBN traded down $0.34 during trading hours on Wednesday, hitting $34.14. 2,831 shares of the company were exchanged, compared to its average volume of 25,378. KraneShares Global Carbon Strategy ETF has a 52-week low of $27.00 and a 52-week high of $36.50. The company’s 50 day moving average price is $34.36 and its 200-day moving average price is $33.07.
Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after acquiring an additional 633 shares during the period. Wealthfront Advisers LLC lifted its position in KraneShares Global Carbon Strategy ETF by 9.6% during the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock worth $266,000 after acquiring an additional 786 shares during the period. Invested Advisors acquired a new stake in KraneShares Global Carbon Strategy ETF during the 2nd quarter worth about $339,000. Finally, Ascentis Independent Advisors acquired a new stake in KraneShares Global Carbon Strategy ETF during the 1st quarter worth about $688,000.
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.
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