Hollencrest Capital Management Invests $490,000 in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Hollencrest Capital Management bought a new stake in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $490,000. Hollencrest Capital Management owned about 0.27% of KraneShares California Carbon Allowance Strategy ETF as of its most recent filing with the Securities and Exchange Commission.

Separately, Permanent Capital Management LP purchased a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter worth $3,496,000.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of NYSEARCA:KCCA opened at $16.95 on Wednesday. The firm has a market capitalization of $110.68 million, a P/E ratio of 12.55 and a beta of 0.06. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $15.99 and a 12 month high of $29.78. The company’s fifty day moving average price is $17.45 and its 200 day moving average price is $19.80.

KraneShares California Carbon Allowance Strategy ETF 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.