KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) Trading Down 1.1% – Should You Sell?

KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) dropped 1.1% during trading on Wednesday . The company traded as low as $17.00 and last traded at $17.00. Approximately 20,516 shares changed 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 Price Performance

The firm has a market cap of $120.63 million, a price-to-earnings ratio of 10.81 and a beta of 0.21. The business’s 50-day moving average price is $15.76 and its two-hundred day moving average price is $15.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sankala Group LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth $118,000. Flatrock Wealth Partners LLC acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the first quarter valued at $238,000. Sharp Wealth Advisory LLC increased its stake in KraneShares California Carbon Allowance Strategy ETF by 13.8% in the first quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock valued at $271,000 after purchasing an additional 2,224 shares during the last quarter. Biltmore Family Office LLC lifted its position in 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 worth $303,000 after buying an additional 1,846 shares during the period. Finally, Maltin Wealth Management Inc. lifted its position in KraneShares California Carbon Allowance Strategy ETF by 26.9% during the first quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock worth $321,000 after buying an additional 4,600 shares during the period.

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.