Short Interest in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Expands By 107.8%

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 507 shares, an increase of 107.8% from the November 30th total of 244 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,370 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 3,370 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors 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. Raymond James Financial Inc. purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,165 shares of the company’s stock, valued at approximately $30,000. Raymond James Financial Inc. owned about 0.11% of KraneShares Value Line Dynamic Dividend Equity Index ETF as of its most recent filing with the Securities and Exchange Commission.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

Shares of NYSEARCA KVLE traded down $0.01 during midday trading on Friday, reaching $25.93. The company’s stock had a trading volume of 1,330 shares, compared to its average volume of 9,366. The stock has a market capitalization of $28.52 million, a P/E ratio of 16.25 and a beta of 0.83. The firm has a 50 day moving average price of $27.16 and a 200-day moving average price of $26.87. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12-month low of $21.85 and a 12-month high of $27.87.

KraneShares Value Line Dynamic Dividend Equity Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a $1.6837 dividend. 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 annualized dividend and a yield of 26.0%. 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.