KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Short Interest Update

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 62,775 shares, a decrease of 57.0% from the February 26th total of 145,992 shares. Based on an average daily volume of 41,313 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the company’s stock are short sold.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

Shares of KraneShares California Carbon Allowance Strategy ETF stock traded down $0.04 during mid-day trading on Friday, hitting $15.01. 10,955 shares of the stock were exchanged, compared to its average volume of 41,372. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $13.61 and a 12 month high of $18.16. The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $16.41. The company has a market capitalization of $103.57 million, a P/E ratio of 10.81 and a beta of 0.18.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

A number of hedge funds have recently bought and sold shares of KCCA. Fielder Capital Group LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF in the third quarter worth $8,572,000. NewEdge Wealth LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter valued at $3,698,000. Permanent Capital Management LP bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth $3,060,000. Black Maple Capital Management LP bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter worth $1,215,000. Finally, Susquehanna International Group LLP purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter worth about $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.