KraneShares Global Carbon Offset Strategy ETF (NYSEARCA:KSET) Stock Price Down 2.5%

KraneShares Global Carbon Offset Strategy ETF (NYSEARCA:KSET) traded down 2.5% on Tuesday . The stock traded as low as $2.12 and last traded at $2.12. 1,001 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 6,719 shares. The stock had previously closed at $2.18.

KraneShares Global Carbon Offset Strategy ETF Price Performance

The company’s 50 day moving average is $2.66 and its two-hundred day moving average is $3.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of KraneShares Global Carbon Offset Strategy ETF in the second quarter valued at approximately $776,000. Jane Street Group LLC acquired a new position in shares of KraneShares Global Carbon Offset Strategy ETF in the 2nd quarter valued at $6,457,000. Finally, Geometric Wealth Advisors acquired a new position in shares of KraneShares Global Carbon Offset Strategy ETF in the 2nd quarter valued at $61,000.

About KraneShares Global Carbon Offset Strategy ETF

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.