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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 131,973 shares, a growth of 117.2% from the December 31st total of 60,749 shares. Based on an average trading volume of 57,934 shares, the short-interest ratio is presently 2.3 days. Approximately 1.9% of the shares of the stock are short sold. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 57,934 shares, the short-interest ratio is presently 2.3 days.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

KCCA traded down $0.15 during midday trading on Friday, hitting $15.21. The stock had a trading volume of 44,467 shares, compared to its average volume of 49,653. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $13.61 and a 1 year high of $18.16. The business has a fifty day moving average of $16.50 and a 200 day moving average of $16.58. The company has a market cap of $104.95 million, a P/E ratio of 10.81 and a beta of 0.18.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were paid a $0.4832 dividend. This represents a $1.93 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Several hedge funds and other institutional investors have recently modified their holdings of KCCA. Fielder Capital Group LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter worth approximately $8,572,000. Permanent Capital Management LP purchased a new stake in KraneShares California Carbon Allowance Strategy ETF in the third quarter worth $3,060,000. Black Maple Capital Management LP bought a new stake in KraneShares California Carbon Allowance Strategy ETF in the second quarter valued at $1,215,000. Flow Traders U.S. LLC increased its position in KraneShares California Carbon Allowance Strategy ETF by 44.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 37,385 shares of the company’s stock valued at $638,000 after purchasing an additional 11,591 shares during the period. Finally, Susquehanna International Group LLP bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter worth $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.