KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Stock Price Up 0.7% – Time to Buy?

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN)’s stock price rose 0.7% during mid-day trading on Wednesday . The company traded as high as $29.94 and last traded at $29.70. Approximately 14,757 shares traded hands during trading, a decline of 58% from the average daily volume of 35,104 shares. The stock had previously closed at $29.50.

KraneShares Global Carbon Strategy ETF Stock Performance

The stock has a 50 day simple moving average of $29.98 and a 200-day simple moving average of $32.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter worth $34,000. Rockefeller Capital Management L.P. raised its stake in shares of KraneShares Global Carbon Strategy ETF by 184.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 633 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the third quarter worth $49,000. Csenge Advisory Group purchased a new position in shares of KraneShares Global Carbon Strategy ETF in the fourth quarter worth $288,000. Finally, Sharp Financial Services LLC raised its stake in shares of KraneShares Global Carbon Strategy ETF by 12.8% in the third quarter. Sharp Financial Services LLC now owns 11,077 shares of the company’s stock worth $359,000 after purchasing an additional 1,254 shares during the last quarter.

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.