KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Sees Large Decline in Short Interest

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 112,620 shares, a decline of 14.7% from the January 15th total of 131,973 shares. Based on an average daily volume of 41,476 shares, the short-interest ratio is presently 2.7 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 41,476 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

A number of institutional investors have recently made changes to their positions in KCCA. Maltin Wealth Management Inc. boosted its holdings in KraneShares California Carbon Allowance Strategy ETF by 40.7% in the second quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock worth $258,000 after acquiring an additional 4,800 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter valued at approximately $400,000. Black Maple Capital Management LP acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth approximately $1,215,000. Permanent Capital Management LP purchased a new stake in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth approximately $3,060,000. Finally, Fielder Capital Group LLC acquired a new position in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at approximately $8,572,000.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA stock traded down $0.07 during mid-day trading on Tuesday, hitting $15.13. 26,635 shares of the stock traded hands, compared to its average volume of 45,345. KraneShares California Carbon Allowance Strategy ETF has a 52-week low of $13.61 and a 52-week high of $18.16. The stock has a market cap of $104.36 million, a P/E ratio of 10.81 and a beta of 0.18. The stock’s fifty day moving average is $16.26 and its two-hundred day moving average is $16.57.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a dividend of $0.4832 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.93 dividend on an annualized basis and a dividend yield of 12.8%.

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.