Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Decreases By 48.5%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 4,151 shares, a drop of 48.5% from the June 30th total of 8,053 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 13,241 shares, the short-interest ratio is currently 0.3 days.

KraneShares Global Carbon Strategy ETF Trading Up 0.7%

Shares of KRBN stock opened at $33.67 on Friday. The company’s fifty day moving average price is $33.34 and its two-hundred day moving average price is $31.94. KraneShares Global Carbon Strategy ETF has a 12 month low of $27.00 and a 12 month high of $36.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in KraneShares Global Carbon Strategy ETF during the 4th quarter valued at approximately $34,000. Rockefeller Capital Management L.P. raised its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 633 shares in the last quarter. Wealthfront Advisers LLC raised 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 valued at $266,000 after purchasing an additional 786 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at approximately $288,000. Finally, PFG Investments LLC boosted its stake in shares of KraneShares Global Carbon Strategy ETF by 21.0% during the 4th quarter. PFG Investments LLC now owns 13,902 shares of the company’s stock valued at $492,000 after buying an additional 2,414 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.