KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 140,285 shares, a growth of 110.5% from the September 15th total of 66,633 shares. Based on an average trading volume of 20,481 shares, the short-interest ratio is presently 6.8 days. Currently, 2.0% of the company’s stock are sold short.
KraneShares California Carbon Allowance Strategy ETF Stock Performance
KraneShares California Carbon Allowance Strategy ETF stock traded up $0.02 during mid-day trading on Thursday, reaching $16.83. The company’s stock had a trading volume of 4,839 shares, compared to its average volume of 33,076. The business’s 50 day simple moving average is $16.96 and its 200 day simple moving average is $16.37. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $14.57 and a 12 month high of $18.04. The company has a market capitalization of $118.68 million, a price-to-earnings ratio of 10.81 and a beta of 0.21.
Institutional Investors Weigh In On KraneShares California Carbon Allowance Strategy ETF
Large investors have recently bought and sold shares of the company. Maltin Wealth Management Inc. raised its position in KraneShares California Carbon Allowance Strategy ETF by 26.9% in the first quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock valued at $321,000 after purchasing an additional 4,600 shares during the last quarter. Sharp Wealth Advisory LLC boosted its holdings in KraneShares California Carbon Allowance Strategy ETF by 13.8% in the first quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock worth $271,000 after acquiring an additional 2,224 shares in the last quarter. Flatrock Wealth Partners LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the first quarter valued at approximately $238,000. Finally, Sankala Group LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth approximately $118,000.
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.
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