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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 131,973 shares, an increase of 117.2% from the December 31st total of 60,749 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 57,934 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 57,934 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KCCA. Fielder Capital Group LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF in the third quarter worth $8,572,000. Permanent Capital Management LP acquired a new position in KraneShares California Carbon Allowance Strategy ETF during the third quarter worth about $3,060,000. Black Maple Capital Management LP purchased a new position in KraneShares California Carbon Allowance Strategy ETF in the second quarter valued at about $1,215,000. Flow Traders U.S. LLC lifted its position in shares of 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 acquiring an additional 11,591 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth approximately $576,000.

KraneShares California Carbon Allowance Strategy ETF Trading Down 2.3%

Shares of NYSEARCA:KCCA traded down $0.36 during midday trading on Friday, hitting $15.21. The stock had a trading volume of 41,902 shares, compared to its average volume of 49,926. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $13.61 and a 1 year high of $18.16. The stock has a 50 day moving average price of $16.53 and a two-hundred day moving average price of $16.57. The company has a market capitalization of $104.93 million, a PE ratio of 10.81 and a beta of 0.18.

KraneShares California Carbon Allowance Strategy ETF Dividend Announcement

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

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.