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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 10,277 shares, an increase of 573.0% from the February 12th total of 1,527 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 3,113 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 3,113 shares, the short-interest ratio is currently 3.3 days. Approximately 1.0% of the shares of the company are short sold.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Down 0.3%

KVLE stock traded down $0.07 during midday trading on Tuesday, hitting $25.92. The stock had a trading volume of 4,426 shares, compared to its average volume of 4,668. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $21.85 and a 52 week high of $27.87. The stock has a 50-day simple moving average of $26.37 and a 200 day simple moving average of $26.91. The firm has a market capitalization of $25.92 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a dividend of $1.6837 per share. 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 number of institutional investors and hedge funds have recently added to or reduced their stakes in KVLE. Kestra Advisory Services LLC acquired a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF in the fourth quarter worth about $57,000. Proactive Wealth Strategies LLC boosted its holdings in KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock valued at $786,000 after purchasing an additional 10,235 shares in the last quarter. Golden State Equity Partners acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000. Finally, 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 approximately $30,000.

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.