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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 201 shares, a decrease of 60.4% from the December 15th total of 507 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,042 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,042 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

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

A hedge fund recently raised its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Proactive Wealth Strategies LLC boosted its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) by 56.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,470 shares of the company’s stock after acquiring an additional 7,390 shares during the quarter. Proactive Wealth Strategies LLC owned about 1.86% of KraneShares Value Line Dynamic Dividend Equity Index ETF worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Down 0.2%

KVLE stock traded down $0.04 during midday trading on Friday, hitting $26.33. 2,832 shares of the company’s stock were exchanged, compared to its average volume of 6,694. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 1-year low of $21.85 and a 1-year high of $27.87. The business has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $26.90. The stock has a market capitalization of $28.96 million, a PE ratio of 16.25 and a beta of 0.83.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a dividend of $1.6837 per share. The ex-dividend date was Monday, December 22nd. This represents a $6.73 annualized dividend and a dividend yield of 25.6%. This is a boost from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14.

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.