KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Up 6,667.2% in January

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 13,602 shares, an increase of 6,667.2% from the December 31st total of 201 shares. Based on an average daily volume of 7,129 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.4% of the company’s stock are sold short. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 7,129 shares, the days-to-cover ratio is currently 1.9 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

Shares of KVLE stock traded up $0.17 on Tuesday, hitting $26.47. The company’s stock had a trading volume of 561 shares, compared to its average volume of 6,257. KraneShares Value Line Dynamic Dividend Equity Index ETF has a fifty-two week low of $21.85 and a fifty-two week high of $27.87. The firm’s fifty day moving average price is $26.59 and its 200-day moving average price is $26.90. The stock has a market capitalization of $26.47 million, a price-to-earnings ratio of 16.25 and a beta of 0.83.

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. Shareholders of record on Monday, December 22nd were given a $1.6837 dividend. This is an increase 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 25.4%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Raymond James Financial Inc. acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,165 shares of the company’s stock, valued at approximately $30,000. Raymond James Financial Inc. owned approximately 0.11% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent filing with the SEC.

About KraneShares Value Line Dynamic Dividend Equity Index ETF

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.