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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 71,413 shares, a growth of 55.7% from the July 30th total of 45,858 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 9,394 shares, the short-interest ratio is currently 7.6 days.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Flatrock Wealth Partners LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 1st quarter valued at about $238,000. Sharp Wealth Advisory LLC increased its position in shares of KraneShares California Carbon Allowance Strategy ETF by 13.8% in the first quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock worth $271,000 after purchasing an additional 2,224 shares during the last quarter. Maltin Wealth Management Inc. increased its position in shares of KraneShares California Carbon Allowance Strategy ETF by 26.9% in the first quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock worth $321,000 after purchasing an additional 4,600 shares during the last quarter. Sankala Group LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the fourth quarter worth approximately $118,000. Finally, Picton Mahoney Asset Management raised its stake in KraneShares California Carbon Allowance Strategy ETF by 94.9% in the fourth 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.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

KraneShares California Carbon Allowance Strategy ETF stock opened at $17.39 on Wednesday. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $14.57 and a fifty-two week high of $18.16. The stock has a market cap of $117.38 million, a P/E ratio of 10.81 and a beta of 0.19. The firm’s fifty day moving average price is $17.11 and its 200-day moving average price is $15.99.

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.