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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 738 shares, a drop of 91.5% from the July 15th total of 8,670 shares. Based on an average trading volume of 1,834 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of KraneShares Value Line Dynamic Dividend Equity Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter worth about $30,000. Kestra Advisory Services LLC purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter worth approximately $57,000. Proactive Wealth Strategies LLC increased its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% during the 4th quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock worth $786,000 after buying an additional 10,235 shares in the last quarter. Golden State Equity Partners acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000. Finally, Ascentis Independent Advisors raised its holdings in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% during the first quarter. Ascentis Independent Advisors now owns 112,724 shares of the company’s stock valued at $2,805,000 after acquiring an additional 75,956 shares during the last quarter.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

NYSEARCA KVLE traded down $0.02 on Tuesday, hitting $29.13. The company had a trading volume of 1,439 shares, compared to its average volume of 4,985. The company’s fifty day moving average price is $28.28 and its 200-day moving average price is $27.07. The company has a market capitalization of $42.24 million, a PE ratio of 16.25 and a beta of 0.82. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12-month low of $24.34 and a 12-month high of $29.38.

KraneShares Value Line Dynamic Dividend Equity Index ETF Company Profile

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.