Short Interest in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Expands By 107.8%

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 507 shares, a growth of 107.8% from the November 30th total of 244 shares. Based on an average trading volume of 3,370 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,370 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Raymond James Financial Inc. acquired a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,165 shares of the company’s stock, valued at approximately $30,000. Raymond James Financial Inc. owned 0.11% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent filing with the Securities & Exchange Commission.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Performance

Shares of NYSEARCA KVLE traded down $0.01 during mid-day trading on Friday, hitting $25.93. 1,330 shares of the stock traded hands, compared to its average volume of 9,366. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $21.85 and a 52 week high of $27.87. The company has a market cap of $28.52 million, a price-to-earnings ratio of 16.25 and a beta of 0.83. The stock has a fifty day moving average price of $27.16 and a 200-day moving average price of $26.87.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The firm also recently announced 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 a boost from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, December 22nd. This represents a $6.73 dividend on an annualized basis and a dividend yield of 26.0%.

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.