KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Price Down 0.1% – Here’s Why

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)’s share price were down 0.1% during mid-day trading on Monday . The company traded as low as $17.18 and last traded at $17.22. 10,146 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 35,453 shares. The stock had previously closed at $17.23.

KraneShares California Carbon Allowance Strategy ETF Stock Down 0.1%

The stock has a market cap of $116.23 million, a price-to-earnings ratio of 10.81 and a beta of 0.19. The company has a 50 day simple moving average of $16.99 and a 200 day simple moving average of $15.84.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Sankala Group LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at approximately $118,000. Flatrock Wealth Partners LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the first quarter worth $238,000. Biltmore Family Office LLC lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 11.4% in the 4th quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock valued at $303,000 after acquiring an additional 1,846 shares during the last quarter. Sharp Wealth Advisory LLC lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 13.8% in 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 last quarter. Finally, Maltin Wealth Management Inc. boosted its holdings in shares of 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 in the last 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.