KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Short Interest Update

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 22,900 shares, a decrease of 28.9% from the May 15th total of 32,200 shares. Based on an average daily trading volume, of 46,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

KraneShares Global Carbon Strategy ETF Stock Down 0.8%

NYSEARCA KRBN opened at $30.51 on Tuesday. The firm’s fifty day moving average price is $28.64 and its 200 day moving average price is $28.91. KraneShares Global Carbon Strategy ETF has a 12 month low of $24.90 and a 12 month high of $33.80.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in KraneShares Global Carbon Strategy ETF by 53.1% during the 4th quarter. Virtu Financial LLC now owns 11,465 shares of the company’s stock worth $336,000 after purchasing an additional 3,974 shares during the period. Riverwater Partners LLC boosted its stake in shares of KraneShares Global Carbon Strategy ETF by 23.3% during the fourth quarter. Riverwater Partners LLC now owns 83,541 shares of the company’s stock worth $2,449,000 after buying an additional 15,789 shares during the period. Two Sigma Securities LLC acquired a new position in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $228,000. Knightsbridge Asset Management LLC purchased a new stake in KraneShares Global Carbon Strategy ETF during the 4th quarter valued at approximately $204,000. Finally, Ameriprise Financial Inc. acquired a new stake in KraneShares Global Carbon Strategy ETF during the 4th quarter worth approximately $623,000.

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.