KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Price Down 0.1% – Here’s What Happened

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) shares were down 0.1% during mid-day trading on Monday . The stock traded as low as $17.18 and last traded at $17.22. 10,146 shares were traded during trading, a decline of 71% from the average daily volume of 35,453 shares. The stock had previously closed at $17.23.

KraneShares California Carbon Allowance Strategy ETF Price Performance

The company’s 50 day moving average price is $17.01 and its 200 day moving average price is $15.85. The firm has a market cap of $117.45 million, a PE ratio of 10.81 and a beta of 0.19.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Institutional investors have recently modified their holdings of the business. NewEdge Wealth LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at $3,698,000. Flatrock Wealth Partners LLC purchased a new stake in KraneShares California Carbon Allowance Strategy ETF during the 1st quarter worth about $238,000. Picton Mahoney Asset Management raised its position in 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 in the last quarter. Susquehanna International Group LLP acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter valued at about $576,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 44.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 37,385 shares of the company’s stock valued at $638,000 after buying an additional 11,591 shares during the period.

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.