KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Stock Price Down 1.4% – Time to Sell?

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)’s share price fell 1.4% during trading on Wednesday . The stock traded as low as $16.31 and last traded at $16.37. 22,065 shares changed hands during trading, a decline of 74% from the average session volume of 85,338 shares. The stock had previously closed at $16.61.

KraneShares California Carbon Allowance Strategy ETF Stock Down 1.4 %

The company has a market cap of $106.90 million, a price-to-earnings ratio of 11.99 and a beta of 0.06. The business has a 50-day simple moving average of $16.83 and a two-hundred day simple moving average of $19.34.

Institutional Trading of KraneShares California Carbon Allowance Strategy ETF

Large investors have recently modified their holdings of the company. Quantinno Capital Management LP acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth about $232,000. Biltmore Family Office LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth approximately $282,000. Hollencrest Capital Management bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 4th quarter worth approximately $490,000. Jane Street Group LLC acquired a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth approximately $908,000. Finally, Bienville Capital Management LLC lifted its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 308.5% during the fourth quarter. Bienville Capital Management LLC now owns 131,127 shares of the company’s stock worth $2,573,000 after buying an additional 99,027 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.