KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Sees Large Growth in Short Interest

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 35,573 shares, an increase of 190.4% from the August 31st total of 12,248 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 53,681 shares, the short-interest ratio is currently 0.7 days.

KraneShares Global Carbon Strategy ETF Stock Performance

KRBN stock traded up $0.06 during trading on Friday, reaching $34.06. The stock had a trading volume of 15,041 shares, compared to its average volume of 25,896. KraneShares Global Carbon Strategy ETF has a 1-year low of $27.00 and a 1-year high of $36.50. The firm has a fifty day moving average price of $34.36 and a 200 day moving average price of $32.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KRBN. Invested Advisors purchased a new stake in KraneShares Global Carbon Strategy ETF during the 2nd quarter worth approximately $339,000. Wealthfront Advisers LLC boosted its stake in shares of 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 valued at $266,000 after buying an additional 786 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of KraneShares Global Carbon Strategy ETF during the first quarter worth approximately $688,000. Rockefeller Capital Management L.P. grew 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 buying an additional 633 shares in the last quarter. Finally, Riverwater Partners LLC increased its stake in shares of KraneShares Global Carbon Strategy ETF by 3.0% in the fourth quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock worth $3,239,000 after buying an additional 2,670 shares during the last quarter.

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.