KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Update

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,847 shares, a drop of 79.1% from the January 15th total of 13,602 shares. Based on an average trading volume of 4,658 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 4,658 shares, the short-interest ratio is presently 0.6 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 0.1%

KVLE traded up $0.03 during trading hours on Tuesday, reaching $27.06. 18,027 shares of the company’s stock traded hands, compared to its average volume of 5,801. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $26.91. The firm has a market capitalization of $27.06 million, a PE 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a $1.6837 dividend. The ex-dividend date was Monday, December 22nd. This is a boost 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 24.9%.

Institutional Investors Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Equity Partners purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF in the 4th quarter valued at about $941,000. Proactive Wealth Strategies LLC purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter worth approximately $340,000. Finally, Raymond James Financial Inc. bought a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter valued at approximately $30,000.

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.