KraneShares China Internet and Covered Call Strategy ETF Announces Monthly Dividend of $0.34 (NYSEARCA:KLIP)

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) declared a monthly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.3363 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date is Tuesday, December 30th.

KraneShares China Internet and Covered Call Strategy ETF Trading Down 0.7%

NYSEARCA KLIP opened at $30.95 on Tuesday. The firm has a market capitalization of $114.52 million, a PE ratio of 16.77 and a beta of 0.36. The business’s 50-day moving average price is $31.58 and its two-hundred day moving average price is $32.19. KraneShares China Internet and Covered Call Strategy ETF has a 12 month low of $27.06 and a 12 month high of $34.31.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KLIP. AlphaStar Capital Management LLC acquired a new position in shares of KraneShares China Internet and Covered Call Strategy ETF in the 2nd quarter worth approximately $9,505,000. Raymond James Financial Inc. raised its stake in KraneShares China Internet and Covered Call Strategy ETF by 17.9% during the third quarter. Raymond James Financial Inc. now owns 77,035 shares of the company’s stock worth $2,534,000 after buying an additional 11,682 shares during the last quarter. Venture Visionary Partners LLC raised its stake in KraneShares China Internet and Covered Call Strategy ETF by 5.3% during the third quarter. Venture Visionary Partners LLC now owns 47,821 shares of the company’s stock worth $1,573,000 after buying an additional 2,427 shares during the last quarter. Advisory Services Network LLC lifted its holdings in KraneShares China Internet and Covered Call Strategy ETF by 15.5% in the second quarter. Advisory Services Network LLC now owns 25,248 shares of the company’s stock valued at $806,000 after buying an additional 3,397 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 171.4% in the 3rd quarter. Private Advisor Group LLC now owns 18,412 shares of the company’s stock worth $606,000 after acquiring an additional 11,628 shares in the last quarter.

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.