KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 70,167 shares, a drop of 12.9% from the January 29th total of 80,566 shares. Based on an average daily volume of 57,589 shares, the short-interest ratio is presently 1.2 days. Approximately 1.7% of the company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 57,589 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On KraneShares China Internet and Covered Call Strategy ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in KraneShares China Internet and Covered Call Strategy ETF in the fourth quarter worth $33,000. Atlantic Union Bankshares Corp bought a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF during the 3rd quarter valued at $64,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the 2nd quarter worth about $76,000. Royal Bank of Canada increased 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 worth $161,000 after acquiring an additional 5,000 shares in the last quarter. Finally, BLVD Private Wealth LLC purchased a new position in KraneShares China Internet and Covered Call Strategy ETF during the 2nd quarter valued at about $296,000.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

Shares of NYSEARCA KLIP opened at $26.73 on Wednesday. KraneShares China Internet and Covered Call Strategy ETF has a 1 year low of $26.21 and a 1 year high of $34.31. The stock has a market capitalization of $112.27 million, a P/E ratio of 16.77 and a beta of 0.36. The company’s 50-day moving average is $30.39 and its 200 day moving average is $31.60.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a $0.5837 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 26.2%.

KraneShares China Internet and Covered Call Strategy ETF Company Profile

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.