Short Interest in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Drops By 41.1%

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,847 shares, a decline of 41.1% from the May 31st total of 8,231 shares. Based on an average daily volume of 20,443 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

KraneShares Global Carbon Strategy ETF Stock Up 0.3%

Shares of KRBN traded up $0.11 during mid-day trading on Thursday, hitting $33.16. The company’s stock had a trading volume of 9,942 shares, compared to its average volume of 25,901. The firm has a 50-day simple moving average of $32.51 and a 200 day simple moving average of $32.19. KraneShares Global Carbon Strategy ETF has a 1-year low of $27.00 and a 1-year high of $36.50.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

Several institutional investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $1,260,000. T3 Companies LLC purchased a new stake in KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $1,109,000. Flow Traders U.S. LLC grew its position in KraneShares Global Carbon Strategy ETF by 203.9% during the third quarter. Flow Traders U.S. LLC now owns 155,250 shares of the company’s stock worth $5,030,000 after buying an additional 104,172 shares during the period. Q3 Asset Management acquired a new position in KraneShares Global Carbon Strategy ETF during the fourth quarter worth about $3,794,000. Finally, WBI Investments LLC grew its position in KraneShares Global Carbon Strategy ETF by 51.0% during the third quarter. WBI Investments LLC now owns 101,677 shares of the company’s stock worth $3,294,000 after buying an additional 34,320 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.