KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) Stock Price Down 1.7% – Should You Sell?

KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA)’s share price traded down 1.7% during mid-day trading on Friday . The company traded as low as $23.88 and last traded at $23.91. 476 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,659 shares. The stock had previously closed at $24.33.

KraneShares European Carbon Allowance Strategy ETF Price Performance

The stock’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $22.29.

Institutional Investors Weigh In On KraneShares European Carbon Allowance Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in KraneShares European Carbon Allowance Strategy ETF by 50.0% during the 1st quarter. Jane Street Group LLC now owns 32,620 shares of the company’s stock worth $687,000 after acquiring an additional 10,868 shares in the last quarter. National Bank of Canada FI raised its stake in KraneShares European Carbon Allowance Strategy ETF by 66.5% during the 4th quarter. National Bank of Canada FI now owns 21,316 shares of the company’s stock worth $463,000 after acquiring an additional 8,511 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its stake in KraneShares European Carbon Allowance Strategy ETF by 80.2% during the 1st quarter. Flow Traders U.S. LLC now owns 20,367 shares of the company’s stock worth $429,000 after acquiring an additional 9,065 shares in the last quarter.

KraneShares European Carbon Allowance Strategy ETF Company Profile

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.