KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Shares Down 0.4% – Should You Sell?

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) traded down 0.4% on Tuesday . The company traded as low as $31.89 and last traded at $32.40. 14,217 shares traded hands during trading, a decline of 49% from the average session volume of 27,658 shares. The stock had previously closed at $32.52.

KraneShares Global Carbon Strategy ETF Trading Down 0.5%

The business has a fifty day moving average price of $31.62 and a two-hundred day moving average price of $32.31.

Hedge Funds Weigh In On KraneShares Global Carbon Strategy ETF

A number of hedge funds have recently modified their holdings of KRBN. Wealthfront Advisers LLC boosted its holdings in KraneShares Global Carbon Strategy ETF by 9.6% during the 1st quarter. Wealthfront Advisers LLC now owns 8,962 shares of the company’s stock valued at $266,000 after acquiring an additional 786 shares during the period. Ascentis Independent Advisors purchased a new position in KraneShares Global Carbon Strategy ETF during the 1st quarter valued at about $688,000. Rockefeller Capital Management L.P. raised its position in KraneShares Global Carbon Strategy ETF by 184.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 633 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in KraneShares Global Carbon Strategy ETF in the 4th quarter valued at about $34,000. Finally, Jane Street Group LLC raised its position in KraneShares Global Carbon Strategy ETF by 123.3% in the 4th quarter. Jane Street Group LLC now owns 93,719 shares of the company’s stock valued at $3,318,000 after purchasing an additional 51,757 shares in the last quarter.

KraneShares Global Carbon Strategy ETF Company Profile

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.