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) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 8,732 shares, a decrease of 15.0% from the February 26th total of 10,277 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 3,879 shares, the short-interest ratio is presently 2.3 days.

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

Shares of NYSEARCA:KVLE opened at $24.94 on Thursday. The stock has a fifty day simple moving average of $26.07 and a two-hundred day simple moving average of $26.67. The stock has a market capitalization of $27.43 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.

Hedge Funds Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter valued at about $30,000. Kestra Advisory Services LLC bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the fourth quarter worth approximately $57,000. Proactive Wealth Strategies LLC bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the second quarter worth approximately $340,000. Finally, Golden State Equity Partners purchased a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000.

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.