KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Get Free Report) was the recipient of a significant growth in short interest during the month of 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 currently 6.8 days. Currently, 2.0% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sankala Group LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth $118,000. Flatrock Wealth Partners LLC bought a new stake in KraneShares California Carbon Allowance Strategy ETF in the first quarter valued at $238,000. Sharp Wealth Advisory LLC lifted its stake 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 valued at $271,000 after buying an additional 2,224 shares during the last quarter. Finally, Maltin Wealth Management Inc. lifted its stake 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 buying an additional 4,600 shares during the last quarter.
KraneShares California Carbon Allowance Strategy ETF Stock Up 1.3%
KCCA stock traded up $0.21 during midday trading on Tuesday, reaching $16.99. The company had a trading volume of 89,098 shares, compared to its average volume of 33,349. The firm has a market capitalization of $119.78 million, a PE ratio of 10.81 and a beta of 0.21. The stock has a 50 day moving average price of $16.97 and a 200 day moving average price of $16.34. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $14.57 and a fifty-two week high of $18.05.
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.
Featured Stories
- Five stocks we like better than KraneShares California Carbon Allowance Strategy ETF
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for KraneShares California Carbon Allowance Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares California Carbon Allowance Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
