KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 738 shares, a drop of 91.5% from the July 15th total of 8,670 shares. Based on an average trading volume of 1,834 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance
KraneShares Value Line Dynamic Dividend Equity Index ETF stock traded up $0.23 during trading hours on Thursday, reaching $29.54. The company had a trading volume of 1,144 shares, compared to its average volume of 4,950. 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 50-day moving average price of $28.33 and a 200 day moving average price of $27.11. The firm has a market cap of $42.83 million, a price-to-earnings ratio of 16.25 and a beta of 0.82.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter valued at $30,000. Golden State Equity Partners bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at about $941,000. Proactive Wealth Strategies LLC raised its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock valued at $786,000 after acquiring an additional 10,235 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter worth about $57,000. Finally, Ascentis Independent Advisors boosted its holdings in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% during the first quarter. Ascentis Independent Advisors now owns 112,724 shares of the company’s stock worth $2,805,000 after purchasing an additional 75,956 shares during the period.
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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