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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 738 shares, a decrease of 91.5% from the July 15th total of 8,670 shares. Based on an average daily volume of 1,834 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of KVLE. Raymond James Financial Inc. acquired a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter worth about $30,000. Kestra Advisory Services LLC acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF in the 4th quarter valued at about $57,000. Proactive Wealth Strategies LLC raised its holdings in KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% in the 4th quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock valued at $786,000 after acquiring an additional 10,235 shares during the last quarter. Golden State Equity Partners purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF in the 4th quarter worth approximately $941,000. Finally, Ascentis Independent Advisors lifted its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% in the 1st quarter. Ascentis Independent Advisors now owns 112,724 shares of the company’s stock worth $2,805,000 after purchasing an additional 75,956 shares in the last quarter.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Down 0.1%

KVLE stock traded down $0.02 during midday trading on Tuesday, reaching $29.13. The stock had a trading volume of 1,439 shares, compared to its average volume of 4,985. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52-week low of $24.34 and a 52-week high of $29.38. The company’s fifty day simple moving average is $28.28 and its 200 day simple moving average is $27.07. The company has a market cap of $42.24 million, a price-to-earnings ratio of 16.25 and a beta of 0.82.

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.