KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Get Free Report) shares dropped 0.6% during mid-day trading on Monday . The stock traded as low as $15.36 and last traded at $15.38. Approximately 16,369 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 73,248 shares. The stock had previously closed at $15.47.
KraneShares California Carbon Allowance Strategy ETF Price Performance
The firm has a market cap of $108.81 million, a PE ratio of 10.81 and a beta of 0.18. The stock’s fifty day moving average price is $15.09 and its 200-day moving average price is $16.02.
Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF
Hedge funds have recently added to or reduced their stakes in the stock. Biltmore Family Office LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the fourth quarter valued at $282,000. Jane Street Group LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth $908,000. Bienville Capital Management LLC raised its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 308.5% during the 4th quarter. Bienville Capital Management LLC now owns 131,127 shares of the company’s stock worth $2,573,000 after buying an additional 99,027 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth about $232,000. Finally, Maltin Wealth Management Inc. purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 1st quarter worth about $196,000.
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.
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