KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Up 125.6% in April

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 7,609 shares, a growth of 125.6% from the April 15th total of 3,373 shares. Based on an average trading volume of 3,821 shares, the short-interest ratio is currently 2.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

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

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Performance

Shares of KVLE stock opened at $27.23 on Friday. KraneShares Value Line Dynamic Dividend Equity Index ETF has a fifty-two week low of $24.34 and a fifty-two week high of $27.87. The firm has a market capitalization of $38.12 million, a price-to-earnings ratio of 16.25 and a beta of 0.82. The stock’s 50-day simple moving average is $26.00 and its 200-day simple moving average is $26.48.

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.