KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Sees Large Increase in Short Interest

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 108,419 shares, a growth of 225.9% from the November 30th total of 33,272 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 58,318 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 58,318 shares, the short-interest ratio is currently 1.9 days. Approximately 1.4% of the shares of the company are sold short.

KraneShares California Carbon Allowance Strategy ETF Trading Up 0.1%

NYSEARCA KCCA opened at $16.58 on Friday. KraneShares California Carbon Allowance Strategy ETF has a 12-month low of $13.61 and a 12-month high of $19.99. The stock has a market capitalization of $124.35 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. The business’s 50 day moving average is $16.88 and its two-hundred day moving average is $16.34.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a $0.4832 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.93 dividend on an annualized basis and a yield of 11.7%.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Several hedge funds have recently bought and sold shares of the company. Sharp Financial Services LLC grew its holdings in KraneShares California Carbon Allowance Strategy ETF by 40.3% in the second quarter. Sharp Financial Services LLC now owns 16,472 shares of the company’s stock valued at $256,000 after purchasing an additional 4,732 shares during the last quarter. Maltin Wealth Management Inc. boosted its position in shares of KraneShares California Carbon Allowance Strategy ETF by 40.7% in the 2nd quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock worth $258,000 after buying an additional 4,800 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter valued at about $400,000. Susquehanna International Group LLP purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at about $576,000. Finally, Black Maple Capital Management LP purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter valued at about $1,215,000.

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.