KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 52,708 shares, a growth of 1,169.8% from the July 15th total of 4,151 shares. Based on an average trading volume of 41,785 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.3% of the shares of the company are short sold.
Institutional Trading of KraneShares Global Carbon Strategy ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Q3 Asset Management acquired a new position in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter worth about $3,794,000. Jane Street Group LLC increased its stake in shares of KraneShares Global Carbon Strategy ETF by 123.3% in the 4th quarter. Jane Street Group LLC now owns 93,719 shares of the company’s stock valued at $3,318,000 after purchasing an additional 51,757 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the 3rd quarter valued at about $1,154,000. T3 Companies LLC acquired a new position in KraneShares Global Carbon Strategy ETF in the 4th quarter worth about $1,109,000. Finally, Ascentis Independent Advisors acquired a new position in KraneShares Global Carbon Strategy ETF in the 1st quarter worth about $688,000.
KraneShares Global Carbon Strategy ETF Trading Up 0.1%
KraneShares Global Carbon Strategy ETF stock traded up $0.04 during mid-day trading on Tuesday, hitting $34.25. The company had a trading volume of 2,407 shares, compared to its average volume of 26,056. KraneShares Global Carbon Strategy ETF has a 12-month low of $27.00 and a 12-month high of $36.50. The company’s fifty day moving average is $33.49 and its 200-day moving average is $31.85.
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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