KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Shares Shorted: Short Interest Up 110.5% in September

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 140,285 shares, a growth of 110.5% from the September 15th total of 66,633 shares. Based on an average daily volume of 20,481 shares, the days-to-cover ratio is currently 6.8 days. Currently, 2.0% of the shares of the stock are sold short.

KraneShares California Carbon Allowance Strategy ETF Price Performance

NYSEARCA KCCA traded down $0.18 during mid-day trading on Wednesday, hitting $16.81. The stock had a trading volume of 8,377 shares, compared to its average volume of 33,222. The firm’s 50 day moving average is $16.96 and its 200 day moving average is $16.37. KraneShares California Carbon Allowance Strategy ETF has a twelve month low of $14.57 and a twelve month high of $18.04. The stock has a market capitalization of $118.51 million, a price-to-earnings ratio of 10.81 and a beta of 0.21.

Institutional Investors Weigh In On KraneShares California Carbon Allowance Strategy ETF

A number of large investors have recently made changes to their positions in the stock. Flatrock Wealth Partners LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the first quarter worth approximately $238,000. Sharp Wealth Advisory LLC boosted its stake in KraneShares California Carbon Allowance Strategy ETF by 13.8% during the first quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock worth $271,000 after buying an additional 2,224 shares during the last quarter. Maltin Wealth Management Inc. boosted its stake in KraneShares California Carbon Allowance Strategy ETF by 26.9% during the first quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock worth $321,000 after buying an additional 4,600 shares during the last quarter. Finally, Sankala Group LLC purchased a new stake in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter valued at $118,000.

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.