KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Up 108.0% in December

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 136,604 shares, a growth of 108.0% from the December 15th total of 65,661 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,223 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 58,223 shares, the short-interest ratio is presently 2.3 days. Currently, 3.3% of the shares of the stock are short sold.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BLVD Private Wealth LLC grew its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 11.8% during the third quarter. BLVD Private Wealth LLC now owns 10,429 shares of the company’s stock valued at $343,000 after purchasing an additional 1,097 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in KraneShares China Internet and Covered Call Strategy ETF during the third quarter valued at approximately $64,000. Creative Financial Designs Inc. ADV purchased a new position in KraneShares China Internet and Covered Call Strategy ETF during the 2nd quarter valued at approximately $76,000. Venture Visionary Partners LLC increased its stake in KraneShares China Internet and Covered Call Strategy ETF by 5.3% in the 3rd quarter. Venture Visionary Partners LLC now owns 47,821 shares of the company’s stock worth $1,573,000 after acquiring an additional 2,427 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 15.5% in the second quarter. Advisory Services Network LLC now owns 25,248 shares of the company’s stock valued at $806,000 after purchasing an additional 3,397 shares in the last quarter.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

Shares of NYSEARCA KLIP traded down $0.19 during mid-day trading on Friday, reaching $31.26. The company’s stock had a trading volume of 62,905 shares, compared to its average volume of 36,482. The firm has a market capitalization of $128.17 million, a PE ratio of 16.77 and a beta of 0.36. The stock has a fifty day moving average of $31.16 and a two-hundred day moving average of $32.10. KraneShares China Internet and Covered Call Strategy ETF has a 52 week low of $27.06 and a 52 week high of $34.31.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The business 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 12.9%. The ex-dividend date of this dividend 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.