KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Update

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

KraneShares Global Carbon Strategy ETF Stock Down 0.1%

Shares of KRBN traded down $0.02 during midday trading on Wednesday, reaching $33.46. 6,484 shares of the stock were exchanged, compared to its average volume of 24,339. KraneShares Global Carbon Strategy ETF has a 12-month low of $27.00 and a 12-month high of $36.50. The firm has a 50 day simple moving average of $33.28 and a 200-day simple moving average of $31.97.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in KRBN. Prime Capital Investment Advisors LLC acquired a new stake in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at approximately $1,260,000. T3 Companies LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter valued at $1,109,000. Ascentis Independent Advisors bought a new stake in KraneShares Global Carbon Strategy ETF in the first quarter worth $688,000. Q3 Asset Management bought a new position in KraneShares Global Carbon Strategy ETF during the fourth quarter valued at about $3,794,000. Finally, Csenge Advisory Group acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter worth about $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.