iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Stock Short Interest Rises 46.5%

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 37,625 shares, a growth of 46.5% from the August 31st total of 25,676 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 10,907 shares, the short-interest ratio is presently 3.4 days.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

CRBN stock traded down $0.99 during midday trading on Thursday, hitting $255.15. The stock had a trading volume of 4,154 shares, compared to its average volume of 8,647. The firm has a market cap of $1.16 billion, a PE ratio of -2,319.55 and a beta of 0.93. iShares MSCI ACWI Low Carbon Target ETF has a 12-month low of $215.29 and a 12-month high of $262.08. The company’s 50-day moving average price is $257.08 and its 200 day moving average price is $248.67.

Institutional Investors Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 40.6% during the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock worth $6,602,000 after buying an additional 8,557 shares during the period. Allianz SE lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% during the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock worth $25,131,000 after acquiring an additional 6,500 shares during the period. Gradient Investments LLC boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 4.0% in the second quarter. Gradient Investments LLC now owns 8,150 shares of the company’s stock worth $2,062,000 after acquiring an additional 316 shares during the last quarter. Howard Financial Services LTD. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the second quarter valued at approximately $204,000. Finally, Western Wealth Management LLC acquired a new position in iShares MSCI ACWI Low Carbon Target ETF during the first quarter worth approximately $102,000.

About iShares MSCI ACWI Low Carbon Target ETF

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.