KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) Shares Down 0.3% – Time to Sell?

KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) shares dropped 0.3% during mid-day trading on Monday . The stock traded as low as $23.47 and last traded at $23.47. Approximately 263 shares changed hands during trading, a decline of 90% from the average daily volume of 2,646 shares. The stock had previously closed at $23.53.

KraneShares European Carbon Allowance Strategy ETF Trading Down 0.3%

The firm has a 50-day moving average of $23.52 and a 200-day moving average of $22.56.

Hedge Funds Weigh In On KraneShares European Carbon Allowance Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC lifted its stake in KraneShares European Carbon Allowance Strategy ETF by 80.2% in the first 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 during the period. National Bank of Canada FI increased its holdings in shares of KraneShares European Carbon Allowance Strategy ETF by 66.5% during the fourth quarter. National Bank of Canada FI now owns 21,316 shares of the company’s stock valued at $463,000 after acquiring an additional 8,511 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of KraneShares European Carbon Allowance Strategy ETF during the fourth quarter valued at $472,000.

About KraneShares European Carbon Allowance Strategy ETF

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.