KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Short Interest Down 49.2% in February

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 57,198 shares, a decline of 49.2% from the January 29th total of 112,620 shares. Based on an average daily volume of 38,692 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the company’s shares are short sold. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 38,692 shares, the days-to-cover ratio is currently 1.5 days.

KraneShares California Carbon Allowance Strategy ETF Trading Down 0.2%

NYSEARCA:KCCA traded down $0.03 during trading hours on Friday, hitting $15.09. 33,801 shares of the company were exchanged, compared to its average volume of 43,641. The stock has a market capitalization of $104.12 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. KraneShares California Carbon Allowance Strategy ETF has a one year low of $13.61 and a one year high of $18.16. The company has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $16.55.

KraneShares California Carbon Allowance Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Fielder Capital Group LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter worth approximately $8,572,000. NewEdge Wealth LLC bought a new stake in KraneShares California Carbon Allowance Strategy ETF during the fourth quarter valued at $3,698,000. Permanent Capital Management LP acquired a new stake in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth about $3,060,000. Black Maple Capital Management LP bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth about $1,215,000. Finally, Susquehanna International Group LLP acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter valued at 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.