KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Short Interest Update

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 60,749 shares, a decrease of 44.0% from the December 15th total of 108,419 shares. Based on an average daily volume of 90,828 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 90,828 shares, the short-interest ratio is presently 0.7 days.

KraneShares California Carbon Allowance Strategy ETF Stock Down 3.5%

Shares of KCCA traded down $0.59 during trading hours on Friday, hitting $16.25. The company had a trading volume of 54,798 shares, compared to its average volume of 57,600. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $13.61 and a 12 month high of $18.16. The firm has a market cap of $110.50 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. The business has a fifty day moving average of $16.68 and a 200-day moving average of $16.56.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were issued a dividend of $0.4832 per share. This represents a $1.93 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sharp Financial Services LLC increased its position in shares of KraneShares California Carbon Allowance Strategy ETF by 40.3% during the 2nd quarter. Sharp Financial Services LLC now owns 16,472 shares of the company’s stock valued at $256,000 after purchasing an additional 4,732 shares during the last quarter. Maltin Wealth Management Inc. lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 40.7% in the second quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock worth $258,000 after buying an additional 4,800 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter valued at about $400,000. Brucke Financial Inc. bought a new position in KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at about $556,000. Finally, Susquehanna International Group LLP purchased a new stake in KraneShares California Carbon Allowance Strategy ETF in the third quarter worth about $576,000.

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.