KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Stock Short Interest Rises 180.5%

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,425 shares, a growth of 180.5% from the September 15th total of 508 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,496 shares, the days-to-cover ratio is currently 0.6 days.

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

A hedge fund recently bought a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. TD Waterhouse Canada Inc. purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,403 shares of the company’s stock, valued at approximately $136,000. TD Waterhouse Canada Inc. owned approximately 0.30% of KraneShares Value Line Dynamic Dividend Equity Index ETF at the end of the most recent reporting period.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 0.0%

KraneShares Value Line Dynamic Dividend Equity Index ETF stock opened at $27.94 on Wednesday. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $24.34 and a 52 week high of $29.59. The firm’s 50-day simple moving average is $28.70 and its 200 day simple moving average is $27.86. The firm has a market capitalization of $40.51 million, a PE ratio of 16.25 and a beta of 0.82.

KraneShares Value Line Dynamic Dividend Equity Index ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.1641 per share. This is a decrease from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.1663. The ex-dividend date was Tuesday, September 29th. This represents a $0.66 annualized dividend and a yield of 2.3%.

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.