KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Down 48.5% in July

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 4,151 shares, a drop of 48.5% from the June 30th total of 8,053 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 13,241 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

Large investors have recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its stake 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 during the period. Ascentis Independent Advisors acquired a new stake in KraneShares Global Carbon Strategy ETF during the 1st quarter valued at $688,000. 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. Kestra Advisory Services LLC purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter valued at $34,000. Finally, Jane Street Group LLC lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 123.3% in the fourth quarter. Jane Street Group LLC now owns 93,719 shares of the company’s stock valued at $3,318,000 after purchasing an additional 51,757 shares in the last quarter.

KraneShares Global Carbon Strategy ETF Price Performance

NYSEARCA KRBN traded up $0.23 on Thursday, hitting $33.67. 332,026 shares of the company were exchanged, compared to its average volume of 26,515. KraneShares Global Carbon Strategy ETF has a twelve month low of $27.00 and a twelve month high of $36.50. The company’s 50 day moving average price is $33.31 and its 200-day moving average price is $31.95.

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.