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

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 21,667 shares, a drop of 16.6% from the March 15th total of 25,977 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 23,247 shares, the short-interest ratio is currently 0.9 days.

KraneShares Global Carbon Strategy ETF Trading Up 0.6%

Shares of KRBN traded up $0.17 during mid-day trading on Thursday, reaching $31.00. 6,178 shares of the stock traded hands, compared to its average volume of 32,665. The stock has a fifty day simple moving average of $29.70 and a 200 day simple moving average of $32.73. KraneShares Global Carbon Strategy ETF has a 12-month low of $26.99 and a 12-month high of $36.50.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter valued at approximately $34,000. Rockefeller Capital Management L.P. increased its stake in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock worth $35,000 after buying an additional 633 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the third quarter worth $49,000. Csenge Advisory Group bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter worth $288,000. Finally, Sharp Financial Services LLC increased its stake in shares of KraneShares Global Carbon Strategy ETF by 12.8% in the third quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock worth $359,000 after buying an additional 1,254 shares during the last quarter.

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.