KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Down 48.9% in January

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 69,788 shares, a decline of 48.9% from the December 31st total of 136,604 shares. Based on an average daily trading volume, of 33,883 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.7% of the shares of the stock are sold short. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,883 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On KraneShares China Internet and Covered Call Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC purchased a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the 4th quarter worth approximately $326,000. BLVD Private Wealth LLC boosted its holdings in KraneShares China Internet and Covered Call Strategy ETF by 5.8% in the fourth quarter. BLVD Private Wealth LLC now owns 11,031 shares of the company’s stock worth $331,000 after acquiring an additional 602 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 17.9% in the 3rd quarter. Raymond James Financial Inc. now owns 77,035 shares of the company’s stock valued at $2,534,000 after purchasing an additional 11,682 shares during the last quarter. Private Advisor Group LLC raised its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 171.4% in the 3rd quarter. Private Advisor Group LLC now owns 18,412 shares of the company’s stock valued at $606,000 after purchasing an additional 11,628 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in KraneShares China Internet and Covered Call Strategy ETF in the 3rd quarter worth approximately $64,000.

KraneShares China Internet and Covered Call Strategy ETF Stock Performance

KLIP stock opened at $31.77 on Thursday. The firm has a market cap of $130.26 million, a PE ratio of 16.77 and a beta of 0.36. The firm has a fifty day moving average price of $31.06 and a 200 day moving average price of $32.08. KraneShares China Internet and Covered Call Strategy ETF has a fifty-two week low of $27.06 and a fifty-two week high of $34.31.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.3363 dividend. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date was Tuesday, December 30th.

KraneShares China Internet and Covered Call Strategy ETF Company Profile

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.