KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Shares Shorted: Short Interest Down 43.0% in October

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 812 shares, a decrease of 43.0% from the September 30th total of 1,425 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,556 shares, the days-to-cover ratio is presently 0.5 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 0.3%

Shares of KraneShares Value Line Dynamic Dividend Equity Index ETF stock opened at $28.04 on Tuesday. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $24.34 and a 52 week high of $29.59. The firm’s 50 day moving average is $28.32 and its two-hundred day moving average is $27.46. The firm has a market capitalization of $40.66 million, a P/E ratio of 16.25 and a beta of 0.82.

KraneShares Value Line Dynamic Dividend Equity Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.1641 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 29th. This is a negative change from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.1663.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. TD Waterhouse Canada Inc. purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,403 shares of the company’s stock, valued at approximately $136,000. TD Waterhouse Canada Inc. owned approximately 0.30% of KraneShares Value Line Dynamic Dividend Equity Index ETF at the end of the most recent reporting period.

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.