Divergent Short Interest Shifts

As of September 15, Localiza Rent a Car had 1,676 shares sold short, equivalent to a days-to-cover ratio of 0.0 based on average daily volume. The article also reports that Zacks Research downgraded the stock from “strong-buy” to “strong sell,” and that MarketBeat data showed a consensus “Sell” rating.

Short interest in the KraneShares Global Carbon Strategy ETF reached 35,573 shares as of September 15, or 0.9% of its stock, with a days-to-cover ratio of 0.7. The article also notes that several institutional investors had recently established or increased positions in the ETF.

The KraneShares Mount Lucas Managed Futures ETF had 558,697 shares sold short as of September 15—about 3.2% of shares—with a days-to-cover ratio of 1.0. Several named investment firms, including NewEdge Advisors and Worth Asset Management, were also reported to have bought positions in the fund.

The 6 Meridian Mega Cap Equity ETF’s short interest stood at 6,127 shares, or 0.1% of its shares, with a short-interest ratio of 0.7 days. The actively managed fund invests in large-cap U.S. equities selected from the Russell 3000 Index.