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 large increase in short interest in December. As of December 15th, there was short interest totaling 108,419 shares, an increase of 225.9% from the November 30th total of 33,272 shares. Based on an average daily trading volume, of 58,318 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the shares of the stock are short sold. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,318 shares, the days-to-cover ratio is currently 1.9 days.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

KraneShares California Carbon Allowance Strategy ETF stock opened at $16.58 on Friday. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $13.61 and a fifty-two week high of $19.99. The company has a market capitalization of $124.35 million, a price-to-earnings ratio of 10.81 and a beta of 0.18. The stock has a fifty day moving average of $16.88 and a two-hundred day moving average of $16.34.

KraneShares California Carbon Allowance Strategy ETF Dividend Announcement

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

Hedge Funds Weigh In On KraneShares California Carbon Allowance Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Knightsbridge Asset Management LLC lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 5.6% during the 1st quarter. Knightsbridge Asset Management LLC now owns 694,485 shares of the company’s stock worth $11,556,000 after purchasing an additional 36,959 shares during the period. Sharp Financial Services LLC increased its stake 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. increased its stake 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 valued at $258,000 after purchasing an additional 4,800 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the second quarter worth about $400,000. Finally, Black Maple Capital Management LP acquired a new stake in KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth 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.