iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Drop in Short Interest

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 11,461 shares, a drop of 58.3% from the May 14th total of 27,511 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 8,199 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Several institutional investors have recently bought and sold shares of the stock. Aspiriant LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 1.7% during the fourth quarter. Aspiriant LLC now owns 116,572 shares of the company’s stock valued at $26,873,000 after acquiring an additional 1,908 shares in the last quarter. Allianz SE grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 6.3% during the fourth quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after acquiring an additional 6,500 shares in the last quarter. Bank of America Corp DE grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 0.5% during the first quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock valued at $23,692,000 after acquiring an additional 545 shares in the last quarter. Investure LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 1.5% during the fourth quarter. Investure LLC now owns 104,151 shares of the company’s stock valued at $24,010,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 8.9% during the fourth quarter. Wells Fargo & Company MN now owns 48,123 shares of the company’s stock valued at $11,094,000 after acquiring an additional 3,945 shares in the last quarter.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

CRBN opened at $251.08 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -2,282.55 and a beta of 0.93. The company has a fifty day moving average of $244.93 and a 200 day moving average of $236.77. iShares MSCI ACWI Low Carbon Target ETF has a fifty-two week low of $202.56 and a fifty-two week high of $257.83.

About iShares MSCI ACWI Low Carbon Target ETF

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.