KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Short Interest Up 477.7% in June

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 76,869 shares, an increase of 477.7% from the May 31st total of 13,306 shares. Based on an average trading volume of 22,406 shares, the short-interest ratio is currently 3.4 days. Currently, 2.3% of the company’s stock are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of NYSEARCA:KSPY traded up $0.15 during trading hours on Friday, hitting $28.92. The company’s stock had a trading volume of 29,847 shares, compared to its average volume of 38,827. The firm’s fifty day moving average price is $28.69 and its 200 day moving average price is $28.18. KraneShares Hedgeye Hedged Equity Index ETF has a 52 week low of $26.50 and a 52 week high of $29.55. The company has a market capitalization of $95.44 million, a price-to-earnings ratio of 24.69 and a beta of 0.45.

Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF

A number of institutional investors have recently modified their holdings of KSPY. Jane Street Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 2nd quarter worth approximately $362,000. CLG LLC raised its position in KraneShares Hedgeye Hedged Equity Index ETF by 0.4% during the second quarter. CLG LLC now owns 224,893 shares of the company’s stock valued at $5,979,000 after acquiring an additional 886 shares in the last quarter. Susquehanna International Group LLP increased its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 40.0% in the third quarter. Susquehanna International Group LLP now owns 64,376 shares of the company’s stock valued at $1,824,000 after buying an additional 18,402 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 2.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 16,470 shares of the company’s stock worth $467,000 after purchasing an additional 457 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its position in shares of KraneShares Hedgeye Hedged Equity Index ETF by 362.5% during the 4th quarter. Stratos Wealth Advisors LLC now owns 34,916 shares of the company’s stock valued at $958,000 after buying an additional 27,367 shares in the last quarter.

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.