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

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,609 shares, a growth of 125.6% from the April 15th total of 3,373 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 3,821 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of KraneShares Value Line Dynamic Dividend Equity Index ETF

A number of large investors have recently made changes to their positions in the stock. Ascentis Independent Advisors boosted its holdings in 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 buying an additional 75,956 shares during the period. Kestra Advisory Services LLC purchased a new position in KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter valued at $57,000. Proactive Wealth Strategies LLC grew its stake in KraneShares Value Line Dynamic Dividend Equity Index ETF by 50.0% in the 4th quarter. Proactive Wealth Strategies LLC now owns 30,705 shares of the company’s stock worth $786,000 after acquiring an additional 10,235 shares in the last quarter. Golden State Equity Partners bought a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the fourth quarter valued at approximately $941,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the second quarter worth $30,000.

KraneShares Value Line Dynamic Dividend Equity Index ETF Stock Performance

NYSEARCA KVLE traded down $0.26 on Friday, hitting $27.23. The stock had a trading volume of 357 shares, compared to its average volume of 6,743. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 52-week low of $24.34 and a 52-week high of $27.87. The company has a market capitalization of $38.12 million, a price-to-earnings ratio of 16.25 and a beta of 0.82. The firm has a 50-day moving average of $26.00 and a 200-day moving average of $26.48.

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.