KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Up 38.2% in February

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 20,854 shares, a growth of 38.2% from the January 29th total of 15,090 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 47,951 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 47,951 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRBN. Kestra Advisory Services LLC bought a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter worth $34,000. Farther Finance Advisors LLC bought a new position in shares of KraneShares Global Carbon Strategy ETF during the third quarter valued at about $49,000. Csenge Advisory Group purchased a new stake in shares of KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $288,000. Sharp Financial Services LLC grew its stake in shares of KraneShares Global Carbon Strategy ETF by 12.8% in the third quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock worth $359,000 after purchasing an additional 1,254 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of KraneShares Global Carbon Strategy ETF by 6.6% in the third quarter. PFG Investments LLC now owns 11,488 shares of the company’s stock worth $372,000 after purchasing an additional 710 shares during the last quarter.

KraneShares Global Carbon Strategy ETF Price Performance

KRBN traded up $0.61 on Tuesday, hitting $29.98. 9,711 shares of the company were exchanged, compared to its average volume of 41,069. The firm has a fifty day simple moving average of $33.33 and a two-hundred day simple moving average of $33.32. KraneShares Global Carbon Strategy ETF has a 12 month low of $24.90 and a 12 month high of $36.50.

KraneShares Global Carbon Strategy ETF Dividend Announcement

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

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.