KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Shares Shorted: Short Interest Up 55.9% in September

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,788 shares, an increase of 55.9% from the August 31st total of 8,204 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 97,322 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several institutional investors have recently made changes to their positions in KSPY. Private Advisor Group LLC bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the first quarter worth $11,218,000. Ball & Co Wealth Management Inc. bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter valued at $10,252,000. Cetera Investment Advisers lifted its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during the 1st quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock worth $5,965,000 after purchasing an additional 53,933 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter worth about $468,000.

KraneShares Hedgeye Hedged Equity Index ETF Trading Up 0.1%

KSPY opened at $30.13 on Friday. The company has a 50 day moving average of $29.88 and a 200 day moving average of $29.03. The company has a market cap of $122.03 million, a PE ratio of 24.69 and a beta of 0.43. KraneShares Hedgeye Hedged Equity Index ETF has a 12 month low of $26.82 and a 12 month high of $30.22.

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.