KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 12,248 shares, a decrease of 80.1% from the August 15th total of 61,439 shares. Based on an average daily trading volume, of 10,839 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the company’s stock are short sold.
KraneShares Global Carbon Strategy ETF Trading Down 0.6%
KraneShares Global Carbon Strategy ETF stock opened at $34.80 on Friday. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $32.21. KraneShares Global Carbon Strategy ETF has a 52-week low of $27.00 and a 52-week high of $36.50.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KRBN. Kestra Advisory Services LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter valued at $34,000. Rockefeller Capital Management L.P. lifted its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 633 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter worth $288,000. Wealthfront Advisers LLC increased its holdings in KraneShares Global Carbon Strategy ETF by 9.6% in the first quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock valued at $266,000 after buying an additional 786 shares during the last quarter. Finally, Invested Advisors purchased a new position in KraneShares Global Carbon Strategy ETF in the second quarter valued at $339,000.
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.
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