iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 11,461 shares, a drop of 58.3% from the May 14th total of 27,511 shares. Based on an average trading volume of 8,199 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF
Large investors have recently bought and sold shares of the stock. BSW Wealth Partners lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 31.3% during the 4th quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock valued at $9,116,000 after acquiring an additional 9,423 shares in the last quarter. Van Hulzen Asset Management LLC lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 39.7% during the 4th quarter. Van Hulzen Asset Management LLC now owns 11,757 shares of the company’s stock valued at $2,710,000 after acquiring an additional 3,343 shares in the last quarter. Allianz SE raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.5% during the 3rd quarter. Allianz SE now owns 102,515 shares of the company’s stock worth $23,258,000 after purchasing an additional 3,500 shares during the period. Midwest Financial Partners Investments Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth $2,533,000. Finally, Bessemer Group Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth $62,000.
iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.5%
NYSEARCA:CRBN traded up $1.26 during trading hours on Friday, hitting $252.34. 6,482 shares of the company traded hands, compared to its average volume of 9,530. The firm’s 50-day simple moving average is $245.48 and its 200-day simple moving average is $236.88. iShares MSCI ACWI Low Carbon Target ETF has a one year low of $202.56 and a one year high of $257.83. The company has a market cap of $1.11 billion, a PE ratio of -2,294.00 and a beta of 0.93.
iShares MSCI ACWI Low Carbon Target ETF Company Profile
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.
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