Short Interest in KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Decreases By 48.9%

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 69,788 shares, a drop of 48.9% from the December 31st total of 136,604 shares. Based on an average daily trading volume, of 33,883 shares, the short-interest ratio is currently 2.1 days. Currently, 1.7% of the shares of the stock are sold short. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,883 shares, the short-interest ratio is currently 2.1 days.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

KraneShares China Internet and Covered Call Strategy ETF stock traded down $0.34 during midday trading on Friday, reaching $30.85. The company had a trading volume of 63,965 shares, compared to its average volume of 41,043. The firm’s fifty day simple moving average is $31.07 and its 200-day simple moving average is $32.06. KraneShares China Internet and Covered Call Strategy ETF has a 12-month low of $27.06 and a 12-month high of $34.31. The company has a market capitalization of $129.57 million, a P/E ratio of 16.77 and a beta of 0.36.

KraneShares China Internet and Covered Call Strategy ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be paid a $0.6354 dividend. This is a positive change from KraneShares China Internet and Covered Call Strategy ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend is Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 24.7%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC purchased a new stake in KraneShares China Internet and Covered Call Strategy ETF during the 4th quarter worth about $326,000. BLVD Private Wealth LLC boosted its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 5.8% in the fourth quarter. BLVD Private Wealth LLC now owns 11,031 shares of the company’s stock valued at $331,000 after acquiring an additional 602 shares in the last quarter. Raymond James Financial Inc. increased its position in 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 purchasing an additional 11,682 shares during the period. Private Advisor Group LLC grew its holdings 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 acquiring an additional 11,628 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of KraneShares China Internet and Covered Call Strategy ETF during the 3rd quarter worth $64,000.

KraneShares China Internet and Covered Call Strategy ETF Company Profile

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.