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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 71,413 shares, a growth of 55.7% from the July 30th total of 45,858 shares. Based on an average trading volume of 9,394 shares, the short-interest ratio is presently 7.6 days. Approximately 1.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Fielder Capital Group LLC grew its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 1.7% during the fourth quarter. Fielder Capital Group LLC now owns 510,747 shares of the company’s stock worth $8,586,000 after purchasing an additional 8,601 shares during the last quarter. NewEdge Wealth LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at about $3,698,000. Picton Mahoney Asset Management raised its holdings in shares of 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 valued at $896,000 after buying an additional 25,900 shares during the last quarter. Flow Traders U.S. LLC lifted 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 worth $638,000 after buying an additional 11,591 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth about $576,000.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA opened at $17.34 on Thursday. The company has a market capitalization of $117.05 million, a P/E ratio of 10.81 and a beta of 0.19. KraneShares California Carbon Allowance Strategy ETF has a one year low of $14.57 and a one year high of $18.16. The business’s 50 day simple moving average is $17.12 and its 200-day simple moving average is $16.00.

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.