KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Up 40.7% in February

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 29,340 shares, an increase of 40.7% from the February 12th total of 20,854 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 23,904 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 23,904 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the shares of the company are sold short.

KraneShares Global Carbon Strategy ETF Price Performance

NYSEARCA:KRBN traded up $0.28 during midday trading on Friday, hitting $28.34. The company’s stock had a trading volume of 7,157 shares, compared to its average volume of 39,724. KraneShares Global Carbon Strategy ETF has a fifty-two week low of $24.90 and a fifty-two week high of $36.50. The firm’s 50 day moving average is $32.31 and its 200-day moving average is $33.22.

KraneShares Global Carbon Strategy ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a $0.6732 dividend. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 191.0%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at $34,000. Farther Finance Advisors LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 3rd quarter valued at about $49,000. Csenge Advisory Group purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at about $288,000. Sharp Financial Services LLC lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 12.8% in the 3rd quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock valued at $359,000 after buying an additional 1,254 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 6.6% in the 3rd quarter. PFG Investments LLC now owns 11,488 shares of the company’s stock valued at $372,000 after buying an additional 710 shares during the period.

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.