KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Trading Down 0.2% – What’s Next?

Shares of KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) were down 0.2% on Tuesday . The stock traded as low as $34.01 and last traded at $34.74. Approximately 6,381 shares traded hands during trading, a decline of 74% from the average session volume of 24,658 shares. The stock had previously closed at $34.80.

KraneShares Global Carbon Strategy ETF Price Performance

The stock’s 50-day moving average price is $33.97 and its 200-day moving average price is $32.00.

Institutional Trading of KraneShares Global Carbon Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invested Advisors acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the 2nd quarter worth approximately $339,000. Wealthfront Advisers LLC raised its position in shares of KraneShares Global Carbon Strategy ETF by 9.6% in the first 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. Ascentis Independent Advisors acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the first quarter valued at approximately $688,000. Rockefeller Capital Management L.P. raised its position in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after buying an additional 633 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter valued at approximately $34,000.

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.