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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 507 shares, an increase of 107.8% from the November 30th total of 244 shares. Based on an average daily volume of 3,370 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,370 shares, the days-to-cover ratio is presently 0.2 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Down 0.0%

KVLE traded down $0.01 during trading hours on Friday, hitting $25.93. The company’s stock had a trading volume of 1,330 shares, compared to its average volume of 9,366. The stock has a market cap of $28.52 million, a price-to-earnings ratio of 16.25 and a beta of 0.83. The business’s 50-day moving average price is $27.16 and its 200-day moving average price is $26.88. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12 month low of $21.85 and a 12 month 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. Investors of record on Monday, December 22nd were issued a $1.6837 dividend. This represents a $6.73 dividend on an annualized basis and a dividend yield of 26.0%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14.

Institutional Trading of KraneShares Value Line Dynamic Dividend Equity Index ETF

A hedge fund recently raised its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Proactive Wealth Strategies LLC increased its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) by 56.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,470 shares of the company’s stock after buying an additional 7,390 shares during the quarter. Proactive Wealth Strategies LLC owned about 1.86% of KraneShares Value Line Dynamic Dividend Equity Index ETF worth $565,000 as of its most recent SEC filing.

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.