Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Get Free Report) fell 1.5% on Thursday . The stock traded as low as $17.09 and last traded at $17.14. 11,952 shares were traded during trading, a decline of 70% from the average daily volume of 39,587 shares. The stock had previously closed at $17.40.
KraneShares California Carbon Allowance Strategy ETF Stock Down 1.5%
The business’s 50-day simple moving average is $16.43 and its two-hundred day simple moving average is $15.77. The firm has a market capitalization of $117.41 million, a price-to-earnings ratio of 10.81 and a beta of 0.19.
Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF
A number of hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new stake in KraneShares California Carbon Allowance Strategy ETF in the second quarter valued at approximately $400,000. Susquehanna International Group LLP purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter worth $576,000. Brucke Financial Inc. purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth $556,000. NewEdge Wealth LLC acquired a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at $3,698,000. Finally, Biltmore Family Office LLC grew its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 11.4% in the fourth quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock valued at $303,000 after buying an additional 1,846 shares in the last quarter.
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.
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