KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Shares Shorted: Short Interest Down 46.0% in October

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,182 shares, a decrease of 46.0% from the September 30th total of 13,306 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 25,194 shares, the days-to-cover ratio is presently 0.3 days.

KraneShares Global Carbon Strategy ETF Price Performance

NYSEARCA:KRBN traded up $0.04 during trading hours on Friday, hitting $35.00. 13,397 shares of the company traded hands, compared to its average volume of 24,976. The firm’s 50-day simple moving average is $34.35 and its 200-day simple moving average is $32.68. KraneShares Global Carbon Strategy ETF has a one year low of $27.00 and a one year high of $36.50.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in KRBN. Invested Advisors lifted its position in shares of KraneShares Global Carbon Strategy ETF by 76.1% during the third quarter. Invested Advisors now owns 17,979 shares of the company’s stock valued at $606,000 after purchasing an additional 7,769 shares in the last quarter. T3 Companies LLC purchased a new position in KraneShares Global Carbon Strategy ETF during the third quarter worth about $1,182,000. Prime Capital Investment Advisors LLC grew its position in KraneShares Global Carbon Strategy ETF by 5.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 26,627 shares of the company’s stock worth $897,000 after purchasing an additional 1,464 shares in the last quarter. Wealthfront Advisers LLC grew its position in 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 worth $266,000 after purchasing an additional 786 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in KraneShares Global Carbon Strategy ETF in the 1st quarter worth about $688,000.

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.