Short Interest in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Rises By 117.2%

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 131,973 shares, a growth of 117.2% from the December 31st total of 60,749 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 57,934 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 57,934 shares, the short-interest ratio is currently 2.3 days. Approximately 1.9% of the shares of the stock are short sold.

KraneShares California Carbon Allowance Strategy ETF Trading Down 1.0%

Shares of KraneShares California Carbon Allowance Strategy ETF stock opened at $15.21 on Friday. The company’s 50-day moving average price is $16.50 and its 200-day moving average price is $16.58. The company has a market cap of $104.95 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. KraneShares California Carbon Allowance Strategy ETF has a 12-month low of $13.61 and a 12-month high of $18.16.

KraneShares California Carbon Allowance Strategy ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a dividend of $0.4832 per share. This represents a $1.93 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of KCCA. Sharp Financial Services LLC lifted its stake in KraneShares California Carbon Allowance Strategy ETF by 40.3% during the second 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. boosted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 40.7% during the second quarter. Maltin Wealth Management Inc. now owns 16,600 shares of the company’s stock valued at $258,000 after purchasing an additional 4,800 shares during the period. Flow Traders U.S. LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the second quarter worth approximately $400,000. Brucke Financial Inc. purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the fourth quarter worth $556,000. Finally, Susquehanna International Group LLP bought a new stake in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter valued at $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.