KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Stock Price Down 2.3% – Time to Sell?

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

KraneShares Global Carbon Strategy ETF Stock Performance

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in shares of KraneShares Global Carbon Strategy ETF by 10.1% in the second quarter. Private Advisor Group LLC now owns 19,516 shares of the company’s stock worth $635,000 after acquiring an additional 1,798 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of KraneShares Global Carbon Strategy ETF by 305.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 326,497 shares of the company’s stock valued at $10,624,000 after acquiring an additional 245,880 shares in the last quarter. Creekside Partners purchased a new stake in shares of KraneShares Global Carbon Strategy ETF in the second quarter worth about $350,000. Bank of Montreal Can increased its position in shares of KraneShares Global Carbon Strategy ETF by 4,376.2% during the third quarter. Bank of Montreal Can now owns 129,630 shares of the company’s stock worth $4,135,000 after acquiring an additional 126,734 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in KraneShares Global Carbon Strategy ETF in the third quarter valued at about $2,888,000.

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.