KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Sees Significant Decrease in Short Interest

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,306 shares, a decline of 62.6% from the September 15th total of 35,573 shares. Based on an average trading volume of 13,382 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of KraneShares Global Carbon Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in KraneShares Global Carbon Strategy ETF during the first quarter valued at about $688,000. Invested Advisors purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the second quarter valued at $339,000. Wealthfront Advisers LLC lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 9.6% in the first quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock valued at $266,000 after purchasing an additional 786 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 633 shares in the last quarter.

KraneShares Global Carbon Strategy ETF Trading Up 0.8%

Shares of KraneShares Global Carbon Strategy ETF stock traded up $0.27 on Tuesday, hitting $34.48. The company had a trading volume of 37,823 shares, compared to its average volume of 25,493. KraneShares Global Carbon Strategy ETF has a 52 week low of $27.00 and a 52 week high of $36.50. The business has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $33.03.

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.