KraneShares China Internet and Covered Call Strategy ETF (KLIP) To Go Ex-Dividend on December 30th

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) announced a monthly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.3363 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, December 30th.

KraneShares China Internet and Covered Call Strategy ETF Trading Down 1.4%

Shares of KLIP stock opened at $30.52 on Wednesday. KraneShares China Internet and Covered Call Strategy ETF has a 1 year low of $27.06 and a 1 year high of $34.31. The firm has a market capitalization of $112.92 million, a P/E ratio of 16.77 and a beta of 0.36. The firm’s fifty day moving average price is $31.54 and its two-hundred day moving average price is $32.18.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC acquired a new stake in KraneShares China Internet and Covered Call Strategy ETF in the second quarter valued at $9,505,000. Raymond James Financial Inc. increased its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 17.9% during the 3rd quarter. Raymond James Financial Inc. now owns 77,035 shares of the company’s stock worth $2,534,000 after acquiring an additional 11,682 shares during the last quarter. Venture Visionary Partners LLC raised its stake in KraneShares China Internet and Covered Call Strategy ETF by 5.3% in the 3rd quarter. Venture Visionary Partners LLC now owns 47,821 shares of the company’s stock valued at $1,573,000 after acquiring an additional 2,427 shares during the period. Advisory Services Network LLC boosted its position in KraneShares China Internet and Covered Call Strategy ETF by 15.5% during the second quarter. Advisory Services Network LLC now owns 25,248 shares of the company’s stock worth $806,000 after purchasing an additional 3,397 shares during the period. Finally, Private Advisor Group LLC boosted its position in KraneShares China Internet and Covered Call Strategy ETF by 171.4% during the third quarter. Private Advisor Group LLC now owns 18,412 shares of the company’s stock worth $606,000 after purchasing an additional 11,628 shares during the period.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.