KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Trading 0.2% Higher – Time to Buy?

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)’s stock price were up 0.2% during trading on Monday . The stock traded as high as $16.24 and last traded at $16.13. Approximately 64,846 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 54,933 shares. The stock had previously closed at $16.10.

KraneShares California Carbon Allowance Strategy ETF Trading Up 0.2%

The firm’s 50-day moving average price is $17.21 and its two-hundred day moving average price is $16.13. The stock has a market cap of $120.98 million, a PE ratio of 10.81 and a beta of 0.18.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KCCA. Sharp Financial Services LLC lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 40.3% during the 2nd quarter. Sharp Financial Services LLC now owns 16,472 shares of the company’s stock worth $256,000 after purchasing an additional 4,732 shares during the last quarter. Maltin Wealth Management Inc. raised its holdings in KraneShares California Carbon Allowance Strategy ETF by 40.7% in the second quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock worth $258,000 after purchasing an additional 4,800 shares in the last quarter. Biltmore Family Office LLC lifted its position in shares of KraneShares California Carbon Allowance Strategy ETF by 28.6% during the first quarter. Biltmore Family Office LLC now owns 18,480 shares of the company’s stock valued at $308,000 after buying an additional 4,110 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the second quarter valued at about $400,000. Finally, Susquehanna International Group LLP bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter valued at about $576,000.

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.