KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) Stock Price Down 1.7% – Here’s Why

KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) dropped 1.7% on Wednesday . The stock traded as low as $21.22 and last traded at $21.24. Approximately 1,744 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 3,157 shares. The stock had previously closed at $21.61.

KraneShares European Carbon Allowance Strategy ETF Trading Down 3.6 %

The stock has a 50 day moving average price of $22.38 and a two-hundred day moving average price of $22.40.

Institutional Investors Weigh In On KraneShares European Carbon Allowance Strategy ETF

An institutional investor recently bought a new position in KraneShares European Carbon Allowance Strategy ETF stock. National Bank of Canada FI bought a new position in shares of KraneShares European Carbon Allowance Strategy ETF (NYSEARCA:KEUA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,805 shares of the company’s stock, valued at approximately $295,000. National Bank of Canada FI owned 2.56% of KraneShares European Carbon Allowance Strategy ETF as of its most recent SEC filing.

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.