KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Declares $0.08 Dividend

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) announced a dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0806 per share on Wednesday, December 31st. The ex-dividend date is Tuesday, December 30th.

KraneShares China Alpha Index ETF Stock Performance

Shares of NYSEARCA KCAI traded up $0.15 during trading on Tuesday, hitting $30.44. 3,820 shares of the company were exchanged, compared to its average volume of 1,388. The company has a fifty day moving average price of $38.38 and a 200-day moving average price of $35.47. The firm has a market capitalization of $9.13 million, a PE ratio of 10.14 and a beta of 0.51. KraneShares China Alpha Index ETF has a 12-month low of $24.04 and a 12-month high of $40.84.

Institutional Trading of KraneShares China Alpha Index ETF

An institutional investor recently raised its position in KraneShares China Alpha Index ETF stock. Jane Street Group LLC boosted its holdings in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,367 shares of the company’s stock after acquiring an additional 6,949 shares during the period. Jane Street Group LLC owned 7.53% of KraneShares China Alpha Index ETF worth $715,000 at the end of the most recent reporting period.

About KraneShares China Alpha Index ETF

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.