KLIP Stock Summary and Trading Ideas (Kraneshares China Internet & Covered Call Strategy ETF | ARCA:KLIP)

The KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP) seeks to provide current income by following a "covered call" or "buy-write" strategy. KLIP buys shares of the KraneShares CSI China Internet ETF (ticker: KWEB) and "writes" or "sells" corresponding call options on KWEB. Both KLIP and KWEB are benchmarked to the CSI Overseas China Internet Index, which tracks the performance of the investable universe of publicly traded China-based companies in the Internet sector.

Kraneshares China Internet & Covered Call Strategy ETF trades on the ARCA stock market under the symbol KLIP.

As of May 6, 2024, KLIP stock price was flat at $14.66 with 172,663 million shares trading.

KLIP has a beta of 0.52, meaning it tends to be less sensitive to market movements. KLIP has a correlation of 0.17 to the broad based SPY ETF.

KLIP has a market cap of $188.75 million. This is considered a Micro Cap stock.

KLIP stock has underperformed the market in the last year with a return of +21.9%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KLIP shares. However, KLIP has outperformed the market in the last 3 month and 2 week periods, returning +15.0% and +4.5%, while SPY returned +4.8% and +4.3%, respectively. This indicates KLIP has been having a stronger performance recently.

KLIP support price is $14.56 and resistance is $14.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KLIP stock will trade within this expected range on the day.