KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Trading Down 0.8% – Here’s What Happened

Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) were down 0.8% during trading on Tuesday . The stock traded as low as $16.07 and last traded at $16.30. Approximately 29,832 shares traded hands during trading, a decline of 20% from the average daily volume of 37,090 shares. The stock had previously closed at $16.43.

KraneShares California Carbon Allowance Strategy ETF Trading Down 0.8%

The firm has a market capitalization of $115.73 million, a P/E ratio of 10.81 and a beta of 0.18. The business’s 50 day simple moving average is $15.14 and its two-hundred day simple moving average is $15.70.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Several institutional investors have recently added to or reduced their stakes in KCCA. Fielder Capital Group LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 3rd quarter worth $8,572,000. NewEdge Wealth LLC purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter valued at $3,698,000. Susquehanna International Group LLP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at $576,000. Brucke Financial Inc. bought a new stake in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth about $556,000. Finally, Picton Mahoney Asset Management increased its holdings in KraneShares California Carbon Allowance Strategy ETF by 94.9% in the 4th quarter. Picton Mahoney Asset Management now owns 53,200 shares of the company’s stock worth $896,000 after buying an additional 25,900 shares in the last quarter.

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.