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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 13,602 shares, an increase of 6,667.2% from the December 31st total of 201 shares. Based on an average daily volume of 7,129 shares, the short-interest ratio is presently 1.9 days. Approximately 1.4% of the company’s shares are sold short. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 7,129 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of KraneShares Value Line Dynamic Dividend Equity Index ETF

A hedge fund recently raised its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Proactive Wealth Strategies LLC increased its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) by 56.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,470 shares of the company’s stock after purchasing an additional 7,390 shares during the quarter. Proactive Wealth Strategies LLC owned approximately 1.86% of KraneShares Value Line Dynamic Dividend Equity Index ETF worth $565,000 as of its most recent filing with the SEC.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 0.6%

KVLE opened at $26.47 on Wednesday. The firm has a market capitalization of $26.47 million, a P/E ratio of 16.25 and a beta of 0.83. The stock has a fifty day moving average of $26.59 and a 200-day moving average of $26.90. 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 dividend of $1.6837 per share. This represents a $6.73 dividend on an annualized basis and a yield of 25.4%. The ex-dividend date was Monday, December 22nd. This is a boost from KraneShares Value Line Dynamic Dividend Equity Index ETF’s previous quarterly dividend of $0.14.

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.