Short Interest in KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Rises By 38.0%

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 96,836 shares, a growth of 38.0% from the February 12th total of 70,167 shares. Based on an average trading volume of 44,195 shares, the short-interest ratio is currently 2.2 days. Approximately 2.3% of the shares of the stock are short sold. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 44,195 shares, the short-interest ratio is currently 2.2 days.

KraneShares China Internet and Covered Call Strategy ETF Stock Performance

NYSEARCA:KLIP opened at $27.08 on Monday. The stock has a market capitalization of $113.74 million, a PE ratio of 16.77 and a beta of 0.36. KraneShares China Internet and Covered Call Strategy ETF has a fifty-two week low of $26.21 and a fifty-two week high of $34.31. The company has a fifty day moving average of $29.80 and a two-hundred day moving average of $31.26.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.5837 per share. This represents a c) annualized dividend and a dividend yield of 25.9%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new position in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter valued at $33,000. Atlantic Union Bankshares Corp purchased a new position in KraneShares China Internet and Covered Call Strategy ETF during the 3rd quarter worth $64,000. Royal Bank of Canada grew its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% in the 4th quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock valued at $161,000 after purchasing an additional 5,000 shares during the last quarter. BLVD Private Wealth LLC acquired a new position in shares of KraneShares China Internet and Covered Call Strategy ETF in the second quarter valued at approximately $296,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF during the fourth quarter worth $326,000.

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.