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

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) shares dropped 0.2% on Tuesday . The company traded as low as $34.01 and last traded at $34.74. Approximately 6,381 shares changed hands during mid-day 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 Stock Performance

The firm’s 50 day moving average price is $33.94 and its 200-day moving average price is $31.96.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

Large investors have recently bought and sold shares of the business. T3 Companies LLC acquired a new stake in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at approximately $1,109,000. Ascentis Independent Advisors acquired a new position in shares of KraneShares Global Carbon Strategy ETF during the 1st quarter worth approximately $688,000. Invested Advisors purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 2nd quarter valued at approximately $339,000. Kestra Advisory Services LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the 4th quarter valued at approximately $34,000. Finally, Jane Street Group LLC grew its stake in KraneShares Global Carbon Strategy ETF by 123.3% in the 4th quarter. Jane Street Group LLC now owns 93,719 shares of the company’s stock valued at $3,318,000 after acquiring an additional 51,757 shares during the period.

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.