KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Shares Down 0.3% – Should You Sell?

Shares of KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) traded down 0.3% during mid-day trading on Monday . The company traded as low as $31.89 and last traded at $31.95. 17,415 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 28,863 shares. The stock had previously closed at $32.04.

KraneShares Global Carbon Strategy ETF Stock Performance

The stock has a 50-day simple moving average of $30.29 and a two-hundred day simple moving average of $32.41.

Institutional Investors Weigh In On KraneShares Global Carbon Strategy ETF

A number of large investors have recently added to or reduced their stakes in KRBN. Jane Street Group LLC raised its position in KraneShares Global Carbon Strategy ETF by 26.0% during the first quarter. Jane Street Group LLC now owns 177,537 shares of the company’s stock valued at $5,010,000 after purchasing an additional 36,676 shares in the last quarter. PFG Investments LLC increased its holdings in shares of KraneShares Global Carbon Strategy ETF by 6.6% in the third quarter. PFG Investments LLC now owns 11,488 shares of the company’s stock worth $372,000 after buying an additional 710 shares during the period. Maridea Wealth Management LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the third quarter worth about $449,000. Flow Traders U.S. LLC grew its stake in shares of KraneShares Global Carbon Strategy ETF by 203.9% in the third quarter. Flow Traders U.S. LLC now owns 155,250 shares of the company’s stock worth $5,030,000 after purchasing an additional 104,172 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the third quarter worth about $1,154,000.

KraneShares Global Carbon Strategy ETF Company Profile

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.