KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) to Issue Monthly Dividend of $0.58

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) announced a monthly dividend on Wednesday, February 25th. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.5837 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 25.0%. The ex-dividend date of this dividend is Thursday, February 26th.

KraneShares China Internet and Covered Call Strategy ETF Stock Performance

Shares of KLIP stock traded down $1.21 during mid-day trading on Thursday, reaching $27.98. The company’s stock had a trading volume of 48,773 shares, compared to its average volume of 44,510. The firm’s 50-day moving average is $30.65 and its two-hundred day moving average is $31.74. The company has a market cap of $117.50 million, a P/E ratio of 16.77 and a beta of 0.36. KraneShares China Internet and Covered Call Strategy ETF has a 1-year low of $27.06 and a 1-year high of $34.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter valued at approximately $33,000. Atlantic Union Bankshares Corp bought a new stake in KraneShares China Internet and Covered Call Strategy ETF during the 3rd quarter worth approximately $64,000. Creative Financial Designs Inc. ADV purchased a new position in shares of KraneShares China Internet and Covered Call Strategy ETF in the second quarter worth $76,000. Royal Bank of Canada raised its stake in KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% during the fourth quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock valued at $161,000 after buying an additional 5,000 shares during the last quarter. Finally, BLVD Private Wealth LLC bought a new stake in KraneShares China Internet and Covered Call Strategy ETF during the second quarter valued at about $296,000.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.