KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,573 shares, a growth of 190.4% from the August 31st total of 12,248 shares. Based on an average trading volume of 53,681 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are sold short.
KraneShares Global Carbon Strategy ETF Price Performance
KRBN stock traded up $0.06 during mid-day trading on Friday, hitting $34.06. 15,041 shares of the company were exchanged, compared to its average volume of 25,896. KraneShares Global Carbon Strategy ETF has a twelve month low of $27.00 and a twelve month high of $36.50. The firm has a fifty day simple moving average of $34.36 and a 200 day simple moving average of $32.55.
Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF
Large investors have recently modified their holdings of the stock. T3 Companies LLC bought a new stake in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at about $1,109,000. Ascentis Independent Advisors acquired a new stake in KraneShares Global Carbon Strategy ETF during the first quarter valued at approximately $688,000. Invested Advisors bought a new position in KraneShares Global Carbon Strategy ETF during the 2nd quarter worth approximately $339,000. Riverwater Partners LLC lifted its holdings in KraneShares Global Carbon Strategy ETF by 3.0% during the 4th quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock worth $3,239,000 after buying an additional 2,670 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of KraneShares Global Carbon Strategy ETF by 9.6% in the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock worth $266,000 after acquiring an additional 786 shares in the last quarter.
About KraneShares Global Carbon Strategy ETF
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.
Further Reading
- Five stocks we like better than KraneShares Global Carbon Strategy ETF
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for KraneShares Global Carbon Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares Global Carbon Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
