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

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 21,667 shares, a decline of 16.6% from the March 15th total of 25,977 shares. Based on an average daily volume of 23,247 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

KraneShares Global Carbon Strategy ETF Stock Up 1.4%

KRBN stock traded up $0.44 during midday trading on Friday, hitting $31.44. The company’s stock had a trading volume of 8,845 shares, compared to its average volume of 32,337. The stock’s 50-day moving average price is $29.68 and its 200 day moving average price is $32.71. KraneShares Global Carbon Strategy ETF has a 1 year low of $26.99 and a 1 year high of $36.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in KraneShares Global Carbon Strategy ETF in the fourth quarter worth $34,000. Rockefeller Capital Management L.P. boosted its position in 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 worth $35,000 after purchasing an additional 633 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in KraneShares Global Carbon Strategy ETF in the third quarter worth $49,000. Csenge Advisory Group purchased a new position in KraneShares Global Carbon Strategy ETF in the fourth quarter worth $288,000. Finally, Sharp Financial Services LLC boosted its position in KraneShares Global Carbon Strategy ETF by 12.8% in the third quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock worth $359,000 after purchasing an additional 1,254 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.