KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Sees Large Decrease in Short Interest

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,847 shares, a drop of 79.1% from the January 15th total of 13,602 shares. Based on an average daily trading volume, of 4,658 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 4,658 shares, the short-interest ratio is presently 0.6 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

NYSEARCA KVLE traded up $0.02 during trading hours on Wednesday, reaching $27.08. 776 shares of the stock traded hands, compared to its average volume of 5,620. The stock has a 50 day simple moving average of $26.51 and a two-hundred day simple moving average of $26.91. 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 company has a market cap of $27.08 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a $1.6837 dividend. The ex-dividend date 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. This represents a $6.73 dividend on an annualized basis and a dividend yield of 24.9%.

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

Large investors have recently modified their holdings of the stock. Proactive Wealth Strategies LLC purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter valued at $340,000. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter valued at about $30,000. Finally, Golden State Equity Partners bought a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at $941,000.

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.