Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Increases By 1,169.8%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 52,708 shares, a growth of 1,169.8% from the July 15th total of 4,151 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 41,785 shares, the days-to-cover ratio is currently 1.3 days.

KraneShares Global Carbon Strategy ETF Price Performance

NYSEARCA:KRBN opened at $34.08 on Thursday. KraneShares Global Carbon Strategy ETF has a 52 week low of $27.00 and a 52 week high of $36.50. The firm has a 50 day moving average of $33.51 and a 200 day moving average of $31.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of KraneShares Global Carbon Strategy ETF by 26.0% during the 1st quarter. Jane Street Group LLC now owns 177,537 shares of the company’s stock valued at $5,010,000 after buying an additional 36,676 shares during the last quarter. Susquehanna International Group LLP acquired a new position in KraneShares Global Carbon Strategy ETF in the third quarter valued at approximately $1,154,000. PFG Investments LLC boosted its position in KraneShares Global Carbon Strategy ETF by 21.0% in the 4th quarter. PFG Investments LLC now owns 13,902 shares of the company’s stock worth $492,000 after purchasing an additional 2,414 shares in the last quarter. Q3 Asset Management acquired a new stake in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter worth approximately $3,794,000. Finally, Csenge Advisory Group purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at approximately $288,000.

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.