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

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 87,174 shares, an increase of 38.9% from the March 15th total of 62,775 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,401 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the second quarter valued at approximately $400,000. Permanent Capital Management LP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at approximately $3,060,000. Fielder Capital Group LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at approximately $8,572,000. Susquehanna International Group LLP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at approximately $576,000. Finally, Brucke Financial Inc. purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter valued at approximately $556,000.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA opened at $14.93 on Friday. The firm has a market cap of $106.00 million, a P/E ratio of 10.81 and a beta of 0.18. The stock has a 50 day simple moving average of $15.03 and a two-hundred day simple moving average of $16.19. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $14.36 and a 1 year high of $18.16.

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.