KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) Short Interest Up 125.6% in April

KraneShares Value Line Dynamic Dividend Equity Index ETF (NYSEARCA:KVLE) saw 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. Based on an average trading volume of 3,821 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the shares of the company are short sold.

KraneShares Value Line Dynamic Dividend Equity Index ETF Trading Down 0.9%

Shares of NYSEARCA:KVLE opened at $27.23 on Friday. KraneShares Value Line Dynamic Dividend Equity Index ETF has a 12-month low of $24.34 and a 12-month high of $27.87. The company has a market capitalization of $38.12 million, a PE ratio of 16.25 and a beta of 0.82. The business has a 50 day moving average of $26.00 and a two-hundred day moving average of $26.48.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Ascentis Independent Advisors raised its stake in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF by 206.6% during 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. Golden State Equity Partners acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter worth approximately $941,000. Proactive Wealth Strategies LLC raised its stake in shares of 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 worth $786,000 after buying an additional 10,235 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 4th quarter worth approximately $57,000. Finally, Raymond James Financial Inc. acquired a new position in shares of KraneShares Value Line Dynamic Dividend Equity Index ETF during the 2nd quarter worth approximately $30,000.

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.