Permanent Capital Management LP Lowers Stock Position in KraneShares California Carbon Allowance Strategy ETF $KCCA

Permanent Capital Management LP lessened its holdings in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 91.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,540 shares of the company’s stock after selling 163,700 shares during the period. Permanent Capital Management LP’s holdings in KraneShares California Carbon Allowance Strategy ETF were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KCCA. Flow Traders U.S. LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth about $400,000. Susquehanna International Group LLP purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at about $576,000. Black Maple Capital Management LP bought a new stake in KraneShares California Carbon Allowance Strategy ETF during the second quarter worth about $1,215,000. Finally, Fielder Capital Group LLC bought a new stake in KraneShares California Carbon Allowance Strategy ETF during the third quarter worth about $8,572,000.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

Shares of KCCA opened at $14.86 on Friday. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $13.61 and a fifty-two week high of $18.16. The stock has a market cap of $102.53 million, a PE ratio of 10.81 and a beta of 0.18. The firm’s 50-day simple moving average is $15.40 and its two-hundred day simple moving average is $16.45.

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.