(KCCA) KraneShares California - Ratings and Ratios

The KraneShares California Carbon Allowance ETF (KCCA) is a commodities-focused ETF listed on the NYSE ARCA exchange. It provides investors with exposure to the California carbon allowance market, which is a key component of the states cap-and-trade program aimed at reducing greenhouse gas emissions.

The California cap-and-trade program sets a limit on the total amount of certain greenhouse gases that can be emitted by covered entities, such as power plants and industrial facilities. Companies that emit more than their allocated allowance must purchase additional allowances to comply with the regulation. The price of these allowances is influenced by various factors, including the overall emissions level, economic growth, and energy demand.

Key economic drivers for KCCA include the demand for carbon allowances, which is closely tied to Californias economic activity and energy consumption patterns. The ETFs performance is also influenced by the overall carbon price, which can be affected by factors such as regulatory changes, technological advancements in clean energy, and global efforts to address climate change.

To evaluate the ETFs performance, relevant KPIs include the carbon allowance price, trading volume, and the overall emissions level in California. Additionally, investors may also monitor the ETFs tracking error, expense ratio, and assets under management (AUM), which currently stands at $109.32 million USD.

From a trading perspective, investors should be aware of the ETFs liquidity profile, with an average daily trading volume of 17,700 shares. The ETFs price movements can be analyzed using technical indicators, such as moving averages, to identify trends and potential trading opportunities.