KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Down 20.6% in April

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 3,373 shares, a drop of 20.6% from the March 31st total of 4,250 shares. Based on an average daily volume of 3,375 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 1.4%

Shares of NYSEARCA KVLE traded up $0.37 during midday trading on Thursday, reaching $27.13. 1,551 shares of the company’s stock traded hands, compared to its average volume of 7,501. The stock’s 50 day simple moving average is $25.90 and its 200-day simple moving average is $26.49. KraneShares Value Line Dynamic Dividend Equity Index ETF has a one year low of $24.11 and a one year high of $27.87. The company has a market cap of $37.98 million, a price-to-earnings ratio of 16.25 and a beta of 0.82.

Hedge Funds Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KVLE. Raymond James Financial Inc. bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter valued at approximately $30,000. Proactive Wealth Strategies LLC boosted its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 56.5% during the third quarter. Proactive Wealth Strategies LLC now owns 20,470 shares of the company’s stock valued at $565,000 after purchasing an additional 7,390 shares in the last quarter. Golden State Equity Partners bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000. Kestra Advisory Services LLC bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $57,000. Finally, Ascentis Independent Advisors boosted its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% during the first quarter. Ascentis Independent Advisors now owns 112,724 shares of the company’s stock valued at $2,805,000 after purchasing an additional 75,956 shares in the last quarter.

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.