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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 145,992 shares, a growth of 155.2% from the February 12th total of 57,198 shares. Based on an average daily volume of 35,883 shares, the short-interest ratio is currently 4.1 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 35,883 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

A number of institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter valued at approximately $400,000. Black Maple Capital Management LP bought a new position in KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter valued at about $1,215,000. Permanent Capital Management LP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at about $3,060,000. Fielder Capital Group LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at about $8,572,000. Finally, Susquehanna International Group LLP bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the third quarter worth approximately $576,000.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

Shares of NYSEARCA KCCA traded down $0.07 during mid-day trading on Thursday, hitting $14.87. The stock had a trading volume of 47,046 shares, compared to its average volume of 42,763. The business has a 50 day moving average price of $15.68 and a two-hundred day moving average price of $16.49. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $13.61 and a 1 year high of $18.16. The firm has a market cap of $102.60 million, a P/E ratio of 10.81 and a beta of 0.18.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a $0.4832 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.93 dividend on an annualized basis and a dividend yield of 13.0%.

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.