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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 8,732 shares, a decrease of 15.0% from the February 26th total of 10,277 shares. Based on an average daily volume of 3,879 shares, the short-interest ratio is presently 2.3 days. Approximately 0.9% of the company’s shares are sold short.

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

Several institutional investors have recently bought and sold shares of KVLE. Raymond James Financial Inc. purchased a new stake in KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the fourth quarter valued at approximately $57,000. Proactive Wealth Strategies LLC acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the second quarter valued at approximately $340,000. Finally, Golden State Equity Partners acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF in the fourth quarter valued at approximately $941,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Up 2.2%

KVLE opened at $24.88 on Wednesday. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52 week low of $21.85 and a 52 week high of $27.87. The business has a fifty day simple moving average of $26.10 and a 200-day simple moving average of $26.68. The firm has a market cap of $24.88 million, a P/E ratio of 16.25 and a beta of 0.83.

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.