KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Sees Significant Decrease in Short Interest

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 201 shares, a drop of 60.4% from the December 15th total of 507 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,042 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,042 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

An institutional investor recently bought a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Proactive Wealth Strategies LLC bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,080 shares of the company’s stock, valued at approximately $340,000. Proactive Wealth Strategies LLC owned approximately 1.19% of KraneShares Value Line Dynamic Dividend Equity Index ETF at the end of the most recent quarter.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 0.2%

Shares of KVLE traded up $0.04 during trading hours on Wednesday, reaching $26.15. The stock had a trading volume of 13,476 shares, compared to its average volume of 7,553. The firm has a 50-day moving average of $26.75 and a 200 day moving average of $26.90. The company has a market cap of $28.77 million, a P/E ratio of 16.25 and a beta of 0.83. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $21.85 and a 52 week high of $27.87.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a dividend of $1.6837 per share. This is an increase from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14. This represents a $6.73 dividend on an annualized basis and a dividend yield of 25.8%. The ex-dividend date of this dividend was Monday, December 22nd.

KraneShares Value Line Dynamic Dividend Equity Index ETF Company Profile

The KFA Value Line Dynamic Core Equity Index ETF (KVLE) is an exchange-traded fund that is based on the 3D\u002FL Value Line Dynamic Core Equity index. The fund tracks a multi-factor-weighted index of US large-cap stocks with high dividend yields and rated highly on a safety and timeliness ranking system. KVLE was launched on Nov 24, 2020 and is managed by KraneShares.