KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,847 shares, a decrease of 41.1% from the May 31st total of 8,231 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 20,443 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of KraneShares Global Carbon Strategy ETF
Several institutional investors have recently modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new position in KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $1,260,000. T3 Companies LLC acquired a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $1,109,000. Flow Traders U.S. LLC boosted its position in shares of KraneShares Global Carbon Strategy ETF by 203.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 155,250 shares of the company’s stock valued at $5,030,000 after purchasing an additional 104,172 shares in the last quarter. Q3 Asset Management bought a new position in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at about $3,794,000. Finally, WBI Investments LLC boosted its position in shares of KraneShares Global Carbon Strategy ETF by 51.0% during the 3rd quarter. WBI Investments LLC now owns 101,677 shares of the company’s stock valued at $3,294,000 after purchasing an additional 34,320 shares in the last quarter.
KraneShares Global Carbon Strategy ETF Stock Performance
NYSEARCA KRBN traded down $0.11 on Wednesday, reaching $33.05. 6,742 shares of the stock traded hands, compared to its average volume of 26,030. KraneShares Global Carbon Strategy ETF has a 12 month low of $27.00 and a 12 month high of $36.50. The firm’s fifty day simple moving average is $32.43 and its 200 day simple moving average is $32.22.
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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