KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Sees Large Growth in Short Interest
by Jessica Moore · The Cerbat GemKraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 87,174 shares, a growth of 38.9% from the March 15th total of 62,775 shares. Based on an average trading volume of 34,401 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.2% of the company’s stock are sold short.
KraneShares California Carbon Allowance Strategy ETF Trading Down 0.2%
NYSEARCA KCCA traded down $0.03 during trading on Wednesday, reaching $14.94. 14,440 shares of the company’s stock were exchanged, compared to its average volume of 39,058. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $14.36 and a fifty-two week high of $18.16. The firm has a market capitalization of $106.07 million, a PE ratio of 10.81 and a beta of 0.18. The company’s fifty day simple moving average is $15.04 and its 200-day simple moving average is $16.20.
Institutional Investors Weigh In On KraneShares California Carbon Allowance Strategy ETF
Institutional investors have recently bought and sold shares of the business. Sankala Group LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth about $118,000. Biltmore Family Office LLC boosted its position in KraneShares California Carbon Allowance Strategy ETF by 11.4% during the 4th quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock worth $303,000 after acquiring an additional 1,846 shares during the period. Flow Traders U.S. LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter worth about $400,000. Brucke Financial Inc. acquired a new stake in KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth about $556,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth 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.