KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) Trading Down 1.7% – What’s Next?

KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA)’s stock price traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as $21.22 and last traded at $21.24. 1,744 shares changed hands during trading, a decline of 45% from the average session volume of 3,157 shares. The stock had previously closed at $21.61.

KraneShares European Carbon Allowance Strategy ETF Price Performance

The stock has a 50-day simple moving average of $22.54 and a 200 day simple moving average of $22.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares European Carbon Allowance Strategy ETF stock. National Bank of Canada FI acquired a new position in shares of KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,805 shares of the company’s stock, valued at approximately $295,000. National Bank of Canada FI owned 2.56% of KraneShares European Carbon Allowance Strategy ETF as of its most recent SEC filing.

About KraneShares European Carbon Allowance Strategy ETF

The KraneShares European Carbon Allowance Strategy ETF (KEUA) is an exchange-traded fund that is based on the IHS Markit Carbon EUA index. The fund tracks a liquidity-weighted EUA carbon credit futures index. KEUA was launched on Oct 5, 2021 and is managed by KraneShares.