Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Drops By 71.2%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,231 shares, a decline of 71.2% from the March 31st total of 21,667 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 12,139 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $34,000. Rockefeller Capital Management L.P. boosted its position in KraneShares Global Carbon Strategy ETF by 184.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after buying an additional 633 shares during the period. Farther Finance Advisors LLC purchased a new stake in KraneShares Global Carbon Strategy ETF in the 3rd quarter valued at about $49,000. Csenge Advisory Group purchased a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $288,000. Finally, Sharp Financial Services LLC boosted its position in KraneShares Global Carbon Strategy ETF by 12.8% in the 3rd quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock valued at $359,000 after buying an additional 1,254 shares during the period.

KraneShares Global Carbon Strategy ETF Price Performance

KraneShares Global Carbon Strategy ETF stock traded up $0.34 during trading hours on Friday, hitting $31.20. The company had a trading volume of 5,769 shares, compared to its average volume of 30,879. KraneShares Global Carbon Strategy ETF has a 1 year low of $27.00 and a 1 year high of $36.50. The company has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $32.62.

KraneShares Global Carbon Strategy ETF Company Profile

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.