KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Shares Up 0.5% – Here’s What Happened

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) shares shot up 0.5% on Tuesday. The company traded as high as $17.20 and last traded at $17.17. 6,508 shares changed hands during trading, a decline of 80% from the average session volume of 32,685 shares. The stock had previously closed at $17.09.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

The stock has a market capitalization of $123.44 million, a price-to-earnings ratio of 10.81 and a beta of 0.20. The company has a 50-day moving average of $16.92 and a 200-day moving average of $16.15.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

An institutional investor recently raised its position in KraneShares California Carbon Allowance Strategy ETF stock. Brucke Financial Inc. grew its stake in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,618 shares of the company’s stock after acquiring an additional 1,256 shares during the quarter. Brucke Financial Inc. owned about 0.62% of KraneShares California Carbon Allowance Strategy ETF worth $728,000 at the end of the most recent quarter.

KraneShares California Carbon Allowance Strategy ETF Company Profile

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.