KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) Trading Down 1.7% – What’s Next?

Shares of KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) traded down 1.7% on Friday . The company traded as low as $23.88 and last traded at $23.91. 476 shares traded hands 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 Trading Down 1.7%

The company has a 50-day moving average of $22.81 and a 200-day moving average of $22.29.

Institutional Investors Weigh In On KraneShares European Carbon Allowance Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in KraneShares European Carbon Allowance Strategy ETF in the 4th quarter valued at about $472,000. National Bank of Canada FI boosted its stake in shares of KraneShares European Carbon Allowance Strategy ETF by 66.5% in the 4th quarter. National Bank of Canada FI now owns 21,316 shares of the company’s stock worth $463,000 after buying an additional 8,511 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in shares of KraneShares European Carbon Allowance Strategy ETF by 80.2% in the 1st quarter. Flow Traders U.S. LLC now owns 20,367 shares of the company’s stock worth $429,000 after buying an additional 9,065 shares during the last quarter.

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.