KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Down 20.6% in April

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,373 shares, a drop of 20.6% from the March 31st total of 4,250 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 3,375 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors increased its position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% during the first quarter. Ascentis Independent Advisors now owns 112,724 shares of the company’s stock worth $2,805,000 after acquiring an additional 75,956 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter worth approximately $57,000. Proactive Wealth Strategies LLC increased its position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock worth $786,000 after acquiring an additional 10,235 shares during the period. Golden State Equity Partners purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter worth approximately $941,000. Finally, Raymond James Financial Inc. purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter worth approximately $30,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

Shares of NYSEARCA:KVLE traded up $0.37 during trading on Thursday, reaching $27.13. 1,551 shares of the company were exchanged, compared to its average volume of 7,501. The firm has a market capitalization of $37.98 million, a PE ratio of 16.25 and a beta of 0.82. The business’s fifty day simple moving average is $25.90 and its 200-day simple moving average is $26.49. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12-month low of $24.11 and a 12-month high of $27.87.

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.