KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) Stock Price Down 0.5% – Here’s Why

KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) shares fell 0.5% during mid-day trading on Monday . The stock traded as low as $31.64 and last traded at $32.03. 40,929 shares traded hands during trading, a decline of 49% from the average session volume of 79,539 shares. The stock had previously closed at $32.18.

KraneShares Global Carbon Strategy ETF Stock Performance

The stock’s 50 day simple moving average is $31.82 and its two-hundred day simple moving average is $32.62.

Institutional Trading of KraneShares Global Carbon Strategy ETF

A number of large investors have recently bought and sold shares of KRBN. Summit Trail Advisors LLC grew its holdings in KraneShares Global Carbon Strategy ETF by 305.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 326,497 shares of the company’s stock worth $10,624,000 after acquiring an additional 245,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of KraneShares Global Carbon Strategy ETF during the 1st quarter valued at about $1,265,000. Sharp Financial Services LLC acquired a new stake in shares of KraneShares Global Carbon Strategy ETF during the second quarter worth $501,000. Creekside Partners bought a new stake in shares of KraneShares Global Carbon Strategy ETF in the second quarter valued at about $350,000. Finally, Cetera Advisors LLC bought a new stake in KraneShares Global Carbon Strategy ETF in the 1st quarter valued at approximately $237,000.

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.