KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Trading Down 2.3% – Here’s Why

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) were down 2.3% during mid-day trading on Wednesday . The stock traded as low as $28.36 and last traded at $28.54. Approximately 28,466 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 27,973 shares. The stock had previously closed at $29.21.

KraneShares Global Carbon Strategy ETF Stock Performance

The company has a 50-day moving average of $30.36 and a 200-day moving average of $31.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in KraneShares Global Carbon Strategy ETF in the 3rd quarter valued at about $237,000. Creekside Partners purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the 2nd quarter valued at approximately $350,000. Private Advisor Group LLC boosted its position in shares of KraneShares Global Carbon Strategy ETF by 10.1% during the second quarter. Private Advisor Group LLC now owns 19,516 shares of the company’s stock worth $635,000 after buying an additional 1,798 shares during the period. Flow Traders U.S. LLC purchased a new position in KraneShares Global Carbon Strategy ETF during the 3rd quarter valued at about $2,888,000. Finally, Bank of Montreal Can increased its stake in KraneShares Global Carbon Strategy ETF by 4,376.2% during the 3rd quarter. Bank of Montreal Can now owns 129,630 shares of the company’s stock worth $4,135,000 after buying an additional 126,734 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.