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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a large drop in short interest in 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. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 4,658 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 4,658 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the 2nd quarter valued at about $30,000. Proactive Wealth Strategies LLC purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter valued at approximately $340,000. Finally, Golden State Equity Partners purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

Shares of KVLE stock traded up $0.03 during mid-day trading on Tuesday, hitting $27.06. The stock had a trading volume of 18,027 shares, compared to its average volume of 5,801. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12-month low of $21.85 and a 12-month high of $27.87. The firm has a market capitalization of $27.06 million, a P/E ratio of 16.25 and a beta of 0.83. The firm’s 50-day moving average is $26.51 and its two-hundred day moving average is $26.91.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were paid a $1.6837 dividend. This represents a $6.73 dividend on an annualized basis and a yield of 24.9%. This is a boost from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14. 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.