KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Price Down 1.5% – Time to Sell?

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCAGet Free Report) shares traded down 1.5% on Thursday . The company traded as low as $17.09 and last traded at $17.14. Approximately 11,952 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 39,587 shares. The stock had previously closed at $17.40.

KraneShares California Carbon Allowance Strategy ETF Stock Down 1.5%

The business has a 50-day moving average price of $16.43 and a 200-day moving average price of $15.77. The firm has a market capitalization of $117.41 million, a PE ratio of 10.81 and a beta of 0.19.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Sankala Group LLC acquired a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth $118,000. Flatrock Wealth Partners LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 1st quarter valued at about $238,000. Sharp Wealth Advisory LLC grew its holdings in shares of 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 valued at $271,000 after purchasing an additional 2,224 shares during the period. Biltmore Family Office LLC grew its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 11.4% in the fourth quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock valued at $303,000 after purchasing an additional 1,846 shares during the period. Finally, Maltin Wealth Management Inc. grew its holdings in shares of 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 period.

About KraneShares California Carbon Allowance Strategy ETF

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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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