KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Sees Significant Growth in Short Interest

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the target of a significant 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 currently 2.5 days. Approximately 1.2% of the shares of the stock are short sold.

KraneShares California Carbon Allowance Strategy ETF Trading Down 0.1%

NYSEARCA:KCCA traded down $0.01 during midday trading on Thursday, hitting $14.93. 35,338 shares of the stock were exchanged, compared to its average volume of 39,006. The company has a market capitalization of $106.00 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. KraneShares California Carbon Allowance Strategy ETF has a one year low of $14.36 and a one year high of $18.16. The business has a 50-day moving average price of $15.03 and a two-hundred day moving average price of $16.19.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Several institutional investors have recently modified their holdings of KCCA. Sankala Group LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF during the fourth quarter valued at about $118,000. Picton Mahoney Asset Management raised its position in KraneShares California Carbon Allowance Strategy ETF by 94.9% in the fourth quarter. Picton Mahoney Asset Management now owns 53,200 shares of the company’s stock worth $896,000 after acquiring an additional 25,900 shares in the last quarter. Fielder Capital Group LLC lifted its holdings in KraneShares California Carbon Allowance Strategy ETF by 1.7% in the 4th quarter. Fielder Capital Group LLC now owns 510,747 shares of the company’s stock valued at $8,586,000 after acquiring an additional 8,601 shares during the last quarter. Biltmore Family Office LLC lifted its holdings in KraneShares California Carbon Allowance Strategy ETF by 11.4% in the 4th quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock valued at $303,000 after acquiring an additional 1,846 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter valued at about $3,698,000.

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.