KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Sees Significant Growth in Short Interest

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 145,992 shares, a growth of 155.2% from the February 12th total of 57,198 shares. Based on an average daily volume of 35,883 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.1% of the company’s shares are sold short. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 35,883 shares, the days-to-cover ratio is currently 4.1 days.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of NYSEARCA:KCCA traded down $0.04 during trading hours on Wednesday, hitting $14.94. 16,847 shares of the company’s stock traded hands, compared to its average volume of 42,673. The firm has a market capitalization of $103.09 million, a P/E ratio of 10.81 and a beta of 0.18. The business has a fifty day moving average price of $15.76 and a 200-day moving average price of $16.52. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $13.61 and a 1 year high of $18.16.

KraneShares California Carbon Allowance Strategy ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were paid a dividend of $0.4832 per share. This represents a $1.93 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Several hedge funds have recently bought and sold shares of KCCA. Flow Traders U.S. LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter worth $400,000. Black Maple Capital Management LP bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter worth $1,215,000. Permanent Capital Management LP bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth $3,060,000. Fielder Capital Group LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at $8,572,000. Finally, Susquehanna International Group LLP purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at $576,000.

About KraneShares California Carbon Allowance Strategy ETF

The KraneShares California Carbon Allowance ETF (KCCA) is an exchange-traded fund that is based on the IHS Markit Carbon CCA index. The fund tracks a liquidity-weighted CCA carbon credit futures index. KCCA was launched on Oct 5, 2021 and is managed by KraneShares.