Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Drops By 43.9%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,247 shares, a decline of 43.9% from the April 30th total of 9,348 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 17,934 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock valued at $40,000 after buying an additional 865 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter valued at approximately $214,000. HighTower Advisors LLC acquired a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter valued at approximately $225,000. Private Trust Co. NA bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter worth approximately $313,000. Finally, Jane Street Group LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 2nd quarter worth approximately $362,000.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of NYSEARCA KSPY traded up $0.03 during mid-day trading on Thursday, hitting $28.97. The company’s stock had a trading volume of 2,068 shares, compared to its average volume of 39,397. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $25.96 and a one year high of $29.24. The company’s fifty day simple moving average is $28.27 and its 200-day simple moving average is $28.17. The stock has a market cap of $95.60 million, a price-to-earnings ratio of 24.69 and a beta of 0.46.

KraneShares Hedgeye Hedged Equity Index ETF Company Profile

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is an exchange-traded fund that is based on the Hedgeye Hedged Equity index. The fund tracks an index the provides exposure to the S&P 500, with the objective of reducing volatility and dynamically hedging downside risk. The underlying portfolio holds ETFs with exposure to the S&P 500 Index, a fund-of-funds, and weekly Index options KSPY was launched on Jul 16, 2024 and is issued by KraneShares.