Shares of KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN – Get Free Report) were down 1% during trading on Thursday . The stock traded as low as $29.38 and last traded at $29.38. Approximately 16,690 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 58,732 shares. The stock had previously closed at $29.67.
KraneShares Global Carbon Strategy ETF Price Performance
The company’s 50 day moving average is $28.14 and its 200 day moving average is $29.19.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of KRBN. Knightsbridge Asset Management LLC bought a new position in KraneShares Global Carbon Strategy ETF in the fourth quarter valued at about $204,000. Two Sigma Securities LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF in the 4th quarter valued at approximately $228,000. Sharp Financial Services LLC grew its holdings in shares of KraneShares Global Carbon Strategy ETF by 4.7% during the 1st quarter. Sharp Financial Services LLC now owns 11,751 shares of the company’s stock valued at $332,000 after purchasing an additional 524 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of KraneShares Global Carbon Strategy ETF by 53.1% during the 4th quarter. Virtu Financial LLC now owns 11,465 shares of the company’s stock valued at $336,000 after purchasing an additional 3,974 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC acquired a new position in KraneShares Global Carbon Strategy ETF during the 4th quarter worth approximately $485,000.
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.
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