KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Falls 0.4% – What’s Next?

Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) were down 0.4% on Tuesday. The stock traded as low as $16.35 and last traded at $16.39. Approximately 73,358 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 34,444 shares. The stock had previously closed at $16.45.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

The stock has a market cap of $114.80 million, a P/E ratio of 10.81 and a beta of 0.20. The business has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $16.17.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Large investors have recently added to or reduced their stakes in the stock. Flatrock Wealth Partners LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 1st quarter worth approximately $238,000. Sharp Wealth Advisory LLC raised its holdings in KraneShares California Carbon Allowance Strategy ETF by 13.8% during the 1st quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock valued at $271,000 after acquiring an additional 2,224 shares during the period. Maltin Wealth Management Inc. raised its holdings in KraneShares California Carbon Allowance Strategy ETF by 26.9% during the 1st quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock valued at $321,000 after acquiring an additional 4,600 shares during the period. Sankala Group LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth $118,000. Finally, Fielder Capital Group LLC lifted its position in shares of KraneShares California Carbon Allowance Strategy ETF by 1.7% during the fourth quarter. Fielder Capital Group LLC now owns 510,747 shares of the company’s stock worth $8,586,000 after acquiring an additional 8,601 shares in the last quarter.

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.