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

by · The Cerbat Gem

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE – Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 201 shares, a decline of 60.4% from the December 15th total of 507 shares. Based on an average daily trading volume, of 2,042 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,042 shares, the days-to-cover ratio is currently 0.1 days.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Up 0.2%

Shares of NYSEARCA KVLE traded up $0.04 during mid-day trading on Wednesday, hitting $26.15. The company had a trading volume of 13,476 shares, compared to its average volume of 7,553. The firm has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $26.90. The company has a market capitalization of $28.77 million, a PE ratio of 16.25 and a beta of 0.83. KraneShares Value Line Dynamic Dividend Equity Index ETF has a one year low of $21.85 and a one year high of $27.87.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a $1.6837 dividend. This is a positive change from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14. This represents a $6.73 dividend on an annualized basis and a yield of 25.8%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

A hedge fund recently bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Raymond James Financial Inc. acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,165 shares of the company’s stock, valued at approximately $30,000. Raymond James Financial Inc. owned about 0.11% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent SEC filing.

About KraneShares Value Line Dynamic Dividend Equity Index ETF

(Get Free Report)

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.

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