KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Shares Shorted: Short Interest Up 190.4% in September

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 35,573 shares, a growth of 190.4% from the August 31st total of 12,248 shares. Based on an average daily volume of 53,681 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the company’s stock are sold short.

KraneShares Global Carbon Strategy ETF Price Performance

KRBN stock traded up $0.06 during midday trading on Friday, hitting $34.06. The stock had a trading volume of 15,041 shares, compared to its average volume of 25,896. The business has a 50-day moving average of $34.36 and a two-hundred day moving average of $32.55. KraneShares Global Carbon Strategy ETF has a 52-week low of $27.00 and a 52-week high of $36.50.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. T3 Companies LLC bought a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter worth about $1,109,000. Ascentis Independent Advisors bought a new position in shares of KraneShares Global Carbon Strategy ETF in the 1st quarter worth approximately $688,000. Invested Advisors bought a new position in KraneShares Global Carbon Strategy ETF in the second quarter worth approximately $339,000. Riverwater Partners LLC raised its holdings in KraneShares Global Carbon Strategy ETF by 3.0% in the 4th quarter. Riverwater Partners LLC now owns 91,505 shares of the company’s stock worth $3,239,000 after purchasing an additional 2,670 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in shares of KraneShares Global Carbon Strategy ETF by 9.6% during the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock valued at $266,000 after buying an additional 786 shares in the last quarter.

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.