KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Short Interest Down 44.0% in December

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 60,749 shares, a decrease of 44.0% from the December 15th total of 108,419 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 90,828 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 90,828 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On KraneShares California Carbon Allowance Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sharp Financial Services LLC boosted its holdings in KraneShares California Carbon Allowance Strategy ETF by 40.3% in the 2nd quarter. Sharp Financial Services LLC now owns 16,472 shares of the company’s stock valued at $256,000 after purchasing an additional 4,732 shares during the last quarter. Maltin Wealth Management Inc. increased its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 40.7% during the 2nd quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock worth $258,000 after buying an additional 4,800 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter valued at approximately $400,000. Brucke Financial Inc. acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at approximately $556,000. Finally, Susquehanna International Group LLP acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the third quarter valued at approximately $576,000.

KraneShares California Carbon Allowance Strategy ETF Trading Down 0.3%

NYSEARCA KCCA traded down $0.05 on Thursday, reaching $16.84. 34,413 shares of the company were exchanged, compared to its average volume of 57,881. The business’s fifty day moving average price is $16.69 and its 200 day moving average price is $16.54. The stock has a market capitalization of $116.20 million, a P/E ratio of 10.81 and a beta of 0.18. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $13.61 and a fifty-two week high of $18.16.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a dividend of $0.4832 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.93 annualized dividend and a dividend yield of 11.5%.

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.