KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Short Interest Down 57.0% in March

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 62,775 shares, a drop of 57.0% from the February 26th total of 145,992 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,313 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On KraneShares California Carbon Allowance Strategy ETF

A number of large investors have recently added to or reduced their stakes in KCCA. Sankala Group LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth approximately $118,000. Picton Mahoney Asset Management boosted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 94.9% in the 4th quarter. Picton Mahoney Asset Management now owns 53,200 shares of the company’s stock valued at $896,000 after purchasing an additional 25,900 shares during the last quarter. Fielder Capital Group LLC grew its position in shares of KraneShares California Carbon Allowance Strategy ETF by 1.7% during the 4th quarter. Fielder Capital Group LLC now owns 510,747 shares of the company’s stock worth $8,586,000 after buying an additional 8,601 shares during the period. Biltmore Family Office LLC raised its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 11.4% during the fourth quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock worth $303,000 after buying an additional 1,846 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth $3,698,000.

KraneShares California Carbon Allowance Strategy ETF Trading Up 0.3%

Shares of NYSEARCA:KCCA opened at $15.07 on Thursday. KraneShares California Carbon Allowance Strategy ETF has a twelve month low of $13.61 and a twelve month high of $18.16. The firm has a market cap of $103.98 million, a P/E ratio of 10.81 and a beta of 0.18. The company has a 50 day moving average of $15.29 and a 200-day moving average of $16.43.

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.