KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Shares Shorted: Short Interest Down 46.0% in October

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,182 shares, a decline of 46.0% from the September 30th total of 13,306 shares. Based on an average daily trading volume, of 25,194 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

KraneShares Global Carbon Strategy ETF Stock Up 0.9%

NYSEARCA KRBN traded up $0.30 during trading on Monday, hitting $35.30. 7,521 shares of the company’s stock were exchanged, compared to its average volume of 24,892. KraneShares Global Carbon Strategy ETF has a fifty-two week low of $27.00 and a fifty-two week high of $36.50. The stock’s 50 day moving average price is $34.35 and its two-hundred day moving average price is $32.68.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Large investors have recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of KraneShares Global Carbon Strategy ETF in the first quarter worth approximately $688,000. T3 Companies LLC acquired a new position in shares of KraneShares Global Carbon Strategy ETF in the 3rd quarter worth approximately $1,182,000. Invested Advisors boosted its stake in shares of KraneShares Global Carbon Strategy ETF by 76.1% in the 3rd quarter. Invested Advisors now owns 17,979 shares of the company’s stock valued at $606,000 after purchasing an additional 7,769 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of KraneShares Global Carbon Strategy ETF by 5.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 26,627 shares of the company’s stock worth $897,000 after buying an additional 1,464 shares during the period. Finally, Wealthfront Advisers LLC increased its position in shares of KraneShares Global Carbon Strategy ETF by 9.6% during the first quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock worth $266,000 after buying an additional 786 shares during the period.

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.