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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,602 shares, a growth of 6,667.2% from the December 31st total of 201 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 7,129 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 7,129 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the company are short sold.

Hedge Funds 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. Proactive Wealth Strategies LLC acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,080 shares of the company’s stock, valued at approximately $340,000. Proactive Wealth Strategies LLC owned 1.19% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent SEC filing.

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

KraneShares Value Line Dynamic Dividend Equity Index ETF stock opened at $26.42 on Thursday. The company has a market capitalization of $26.42 million, a price-to-earnings ratio of 16.25 and a beta of 0.83. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12 month low of $21.85 and a 12 month high of $27.87. The stock’s 50 day moving average is $26.59 and its 200-day moving average is $26.90.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a dividend of $1.6837 per share. This is an increase 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 dividend yield of 25.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.