KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Down 46.4% in February

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,527 shares, a decline of 46.4% from the January 29th total of 2,847 shares. Based on an average daily trading volume, of 4,869 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,869 shares, the short-interest ratio is currently 0.3 days.

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

Large investors have recently bought and sold shares of the company. Proactive Wealth Strategies LLC bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter valued at $340,000. Raymond James Financial Inc. acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter worth about $30,000. Golden State Equity Partners bought a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter valued at about $941,000. Finally, Kestra Advisory Services LLC bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter worth approximately $57,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Down 1.8%

Shares of KVLE traded down $0.50 during trading hours on Friday, hitting $26.56. 5,396 shares of the company were exchanged, compared to its average volume of 4,938. 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 company has a market cap of $26.56 million, a price-to-earnings ratio of 16.25 and a beta of 0.83. The firm’s fifty day moving average is $26.32 and its 200 day moving average is $26.94.

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. Stockholders of record on Monday, December 22nd were issued a dividend of $1.6837 per share. This is an increase from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.73 dividend on an annualized basis and a dividend yield of 25.4%.

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.