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

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

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Performance

KVLE traded up $0.09 on Monday, reaching $28.04. The company had a trading volume of 1,697 shares, compared to its average volume of 4,150. KraneShares Value Line Dynamic Dividend Equity Index ETF has a fifty-two week low of $24.34 and a fifty-two week high of $29.59. The stock has a market cap of $40.66 million, a P/E ratio of 16.25 and a beta of 0.82. The company’s fifty day moving average is $28.35 and its 200 day moving average is $27.45.

KraneShares Value Line Dynamic Dividend Equity Index ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. TD Waterhouse Canada Inc. purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

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.