KraneShares Global Carbon Offset Strategy ETF (NYSEARCA:KSET) Stock Price Down 2.9%

KraneShares Global Carbon Offset Strategy ETF (NYSEARCA:KSET – Get Rating) shares were down 2.9% on Monday . The stock traded as low as $2.55 and last traded at $2.55. Approximately 1,931 shares traded hands during trading, a decline of 52% from the average daily volume of 3,997 shares. The stock had previously closed at $2.63.

KraneShares Global Carbon Offset Strategy ETF Trading Down 2.9 %

The company’s 50-day moving average is $4.55 and its 200 day moving average is $7.17.

Institutional Trading of KraneShares Global Carbon Offset Strategy ETF

Institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its stake in KraneShares Global Carbon Offset Strategy ETF by 34,434.1% during the 4th quarter. UBS Group AG now owns 14,159 shares of the company’s stock worth $134,000 after purchasing an additional 14,118 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of KraneShares Global Carbon Offset Strategy ETF by 6.0% in the third quarter. Jane Street Group LLC now owns 349,280 shares of the company’s stock worth $6,521,000 after buying an additional 19,741 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in KraneShares Global Carbon Offset Strategy ETF during the second quarter worth about $776,000.

About KraneShares Global Carbon Offset Strategy ETF

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The KraneShares Global Carbon Offset Strategy ETF (KSET) is an exchange-traded fund that mostly invests in carbon credits commodities. The fund is passively managed to primarily hold futures contracts on voluntary carbon offset credits. The fund invests in GEOs and N-GEOs that mature in the next two years KSET was launched on Apr 27, 2022 and is managed by KraneShares.