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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,373 shares, a drop of 20.6% from the March 31st total of 4,250 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 3,375 shares, the short-interest ratio is currently 1.0 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Golden State Equity Partners acquired a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF in the 4th quarter valued at $941,000. Proactive Wealth Strategies LLC raised its position in KraneShares Value Line Dynamic Dividend Equity Index ETF by 56.5% during the third quarter. Proactive Wealth Strategies LLC now owns 20,470 shares of the company’s stock worth $565,000 after acquiring an additional 7,390 shares during the period. Ascentis Independent Advisors lifted its holdings in 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 valued at $2,805,000 after purchasing an additional 75,956 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at $57,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the second quarter valued at about $30,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Down 0.2%

Shares of KVLE stock traded down $0.05 on Friday, hitting $27.08. The company had a trading volume of 804 shares, compared to its average volume of 7,419. KraneShares Value Line Dynamic Dividend Equity Index ETF has a twelve month low of $24.11 and a twelve month high of $27.87. The firm has a market cap of $37.91 million, a P/E ratio of 16.25 and a beta of 0.82. The company has a 50-day moving average price of $25.90 and a 200-day moving average price of $26.49.

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.