KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Stock Short Interest Declines 43.0%

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 812 shares, a drop of 43.0% from the September 30th total of 1,425 shares. Based on an average daily trading volume, of 1,556 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

Shares of NYSEARCA:KVLE traded down $0.37 during trading hours on Friday, hitting $27.95. The company’s stock had a trading volume of 774 shares, compared to its average volume of 4,163. The firm’s fifty day moving average price is $28.35 and its 200 day moving average price is $27.45. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $24.34 and a 52 week high of $29.59. The company has a market capitalization of $40.53 million, a price-to-earnings ratio of 16.25 and a beta of 0.82.

KraneShares Value Line Dynamic Dividend Equity Index ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1641 dividend. This is a drop from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.1663. This represents a $0.66 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 29th.

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

An institutional investor recently bought a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. TD Waterhouse Canada Inc. purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,403 shares of the company’s stock, valued at approximately $136,000. TD Waterhouse Canada Inc. owned 0.30% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent filing with the Securities and Exchange Commission.

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.