KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 812 shares, a decline of 43.0% from the September 30th total of 1,425 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,556 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF
An institutional investor recently raised its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF stock. Ascentis Independent Advisors increased its holdings in KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE – Free Report) by 206.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,724 shares of the company’s stock after buying an additional 75,956 shares during the period. Ascentis Independent Advisors owned 8.05% of KraneShares Value Line Dynamic Dividend Equity Index ETF worth $2,805,000 as of its most recent SEC filing.
KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance
Shares of NYSEARCA KVLE traded down $0.37 during trading on Friday, hitting $27.95. The stock had a trading volume of 774 shares, compared to its average volume of 4,163. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12 month low of $24.34 and a 12 month high of $29.59. The company has a market capitalization of $40.53 million, a PE ratio of 16.25 and a beta of 0.82. The firm has a fifty day moving average of $28.35 and a two-hundred day moving average of $27.45.
KraneShares Value Line Dynamic Dividend Equity Index ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.1641 dividend. The ex-dividend date was Tuesday, September 29th. This is a negative change 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%.
KraneShares Value Line Dynamic Dividend Equity Index ETF Company Profile
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.
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