KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Price Down 1.1% – Here’s What Happened

Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) traded down 1.1% on Wednesday . The company traded as low as $17.00 and last traded at $17.00. 20,516 shares traded hands during trading, a decline of 48% from the average daily volume of 39,544 shares. The stock had previously closed at $17.19.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

The firm has a market cap of $120.70 million, a price-to-earnings ratio of 10.81 and a beta of 0.21. The business has a fifty day simple moving average of $15.72 and a 200-day simple moving average of $15.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter valued at approximately $400,000. Susquehanna International Group LLP bought a new stake in KraneShares California Carbon Allowance Strategy ETF during the 3rd quarter worth approximately $576,000. Brucke Financial Inc. acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter valued at approximately $556,000. NewEdge Wealth LLC acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter valued at approximately $3,698,000. Finally, Biltmore Family Office LLC raised its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 11.4% during the fourth quarter. Biltmore Family Office LLC now owns 18,043 shares of the company’s stock valued at $303,000 after acquiring an additional 1,846 shares during the last quarter.

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.