KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Sees Large Decrease in Short Interest

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 8,204 shares, a decline of 68.7% from the August 15th total of 26,187 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,801 shares, the short-interest ratio is currently 0.3 days.

KraneShares Hedgeye Hedged Equity Index ETF Stock Up 0.8%

NYSEARCA KSPY traded up $0.23 during trading on Friday, hitting $30.02. 328,470 shares of the stock traded hands, compared to its average volume of 44,841. The company has a market capitalization of $120.08 million, a P/E ratio of 24.69 and a beta of 0.43. The firm has a 50-day simple moving average of $29.73 and a 200-day simple moving average of $28.82. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.82 and a 12-month high of $30.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC bought a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter worth $11,691,000. Private Advisor Group LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the first quarter valued at $11,218,000. Ball & Co Wealth Management Inc. purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth $10,252,000. CLG LLC grew its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 0.4% in the 2nd quarter. CLG LLC now owns 224,893 shares of the company’s stock worth $5,979,000 after buying an additional 886 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% in the 1st quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock worth $5,965,000 after buying an additional 53,933 shares during 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.