KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

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

Hedge Funds Weigh In On KraneShares China Internet and Covered Call Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in KraneShares China Internet and Covered Call Strategy ETF in the third quarter valued at approximately $64,000. Creative Financial Designs Inc. ADV acquired a new position in KraneShares China Internet and Covered Call Strategy ETF during the 2nd quarter worth about $76,000. BLVD Private Wealth LLC purchased a new stake in KraneShares China Internet and Covered Call Strategy ETF during the second quarter worth about $296,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF during the fourth quarter worth about $326,000. Finally, Private Advisor Group LLC boosted its position in KraneShares China Internet and Covered Call Strategy ETF by 171.4% in the 3rd quarter. Private Advisor Group LLC now owns 18,412 shares of the company’s stock valued at $606,000 after buying an additional 11,628 shares during the period.

KraneShares China Internet and Covered Call Strategy ETF Trading Up 0.3%

NYSEARCA:KLIP opened at $31.77 on Thursday. KraneShares China Internet and Covered Call Strategy ETF has a twelve month low of $27.06 and a twelve month high of $34.31. The company has a market cap of $130.26 million, a P/E ratio of 16.77 and a beta of 0.36. The company’s 50-day moving average price is $31.06 and its 200-day moving average price is $32.08.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.3363 per share. The ex-dividend date was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

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.