KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Plans $0.08 Dividend

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) declared a dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0806 per share on Wednesday, December 31st. The ex-dividend date of this dividend is Tuesday, December 30th.

KraneShares China Alpha Index ETF Price Performance

Shares of NYSEARCA:KCAI traded up $0.15 on Tuesday, reaching $30.44. The company’s stock had a trading volume of 3,820 shares, compared to its average volume of 1,388. The stock has a market capitalization of $9.13 million, a P/E ratio of 10.14 and a beta of 0.51. KraneShares China Alpha Index ETF has a 52-week low of $24.04 and a 52-week high of $40.84. The stock’s 50-day moving average is $38.38 and its two-hundred day moving average is $35.47.

Hedge Funds Weigh In On KraneShares China Alpha Index ETF

A hedge fund recently raised its stake in KraneShares China Alpha Index ETF stock. Jane Street Group LLC raised its position in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 26,367 shares of the company’s stock after buying an additional 6,949 shares during the quarter. Jane Street Group LLC owned about 7.53% of KraneShares China Alpha Index ETF worth $715,000 as of its most recent filing with the SEC.

About KraneShares China Alpha Index ETF

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.