KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Down 91.5% in July

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a large drop in short interest in 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 daily trading volume, of 1,834 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

KraneShares Value Line Dynamic Dividend Equity Index ETF Price Performance

KVLE stock traded up $0.18 during mid-day trading on Wednesday, reaching $29.31. The company had a trading volume of 1,169 shares, compared to its average volume of 4,958. The company has a market capitalization of $42.50 million, a PE ratio of 16.25 and a beta of 0.82. The firm has a 50 day moving average of $28.30 and a 200 day moving average of $27.09. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12 month low of $24.34 and a 12 month high of $29.38.

Institutional Investors Weigh In On KraneShares Value Line Dynamic Dividend Equity Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter worth $30,000. Kestra Advisory Services LLC purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter valued at about $57,000. Proactive Wealth Strategies LLC increased its position in KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% during the 4th quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock valued at $786,000 after purchasing an additional 10,235 shares during the period. Golden State Equity Partners bought a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the 4th quarter valued at about $941,000. Finally, Ascentis Independent Advisors lifted its position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% in the 1st 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.