KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Short Interest Update

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 70,167 shares, a drop of 12.9% from the January 29th total of 80,566 shares. Based on an average daily volume of 57,589 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.7% of the company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 57,589 shares, the days-to-cover ratio is presently 1.2 days.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

NYSEARCA KLIP traded down $0.58 during mid-day trading on Thursday, reaching $26.38. 23,906 shares of the stock were exchanged, compared to its average volume of 47,878. The stock has a market cap of $110.80 million, a P/E ratio of 16.77 and a beta of 0.36. KraneShares China Internet and Covered Call Strategy ETF has a one year low of $26.21 and a one year high of $34.31. The stock has a 50 day simple moving average of $30.31 and a 200-day simple moving average of $31.56.

KraneShares China Internet and Covered Call Strategy ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.5837 dividend. This represents a c) dividend on an annualized basis and a yield of 26.6%. The ex-dividend date was Thursday, February 26th.

Institutional Trading of KraneShares China Internet and Covered Call Strategy ETF

Large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in KraneShares China Internet and Covered Call Strategy ETF during the fourth quarter worth $33,000. Atlantic Union Bankshares Corp bought a new position in KraneShares China Internet and Covered Call Strategy ETF in the third quarter worth approximately $64,000. Creative Financial Designs Inc. ADV acquired a new stake in KraneShares China Internet and Covered Call Strategy ETF in the second quarter valued at approximately $76,000. Royal Bank of Canada increased its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 1,404.5% during the fourth quarter. Royal Bank of Canada now owns 5,356 shares of the company’s stock valued at $161,000 after acquiring an additional 5,000 shares in the last quarter. Finally, BLVD Private Wealth LLC acquired a new position in shares of KraneShares China Internet and Covered Call Strategy ETF during the second quarter worth approximately $296,000.

About KraneShares China Internet and Covered Call Strategy ETF

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.