Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Expands By 153.6%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 13,306 shares, a growth of 153.6% from the May 14th total of 5,247 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 13,086 shares, the short-interest ratio is presently 1.0 days.

KraneShares Hedgeye Hedged Equity Index ETF Trading Up 0.8%

KSPY stock traded up $0.23 during mid-day trading on Friday, hitting $28.97. 93,982 shares of the company were exchanged, compared to its average volume of 39,112. The business has a 50 day simple moving average of $28.47 and a 200-day simple moving average of $28.18. The stock has a market capitalization of $95.60 million, a PE ratio of 24.69 and a beta of 0.45. KraneShares Hedgeye Hedged Equity Index ETF has a 1-year low of $26.07 and a 1-year high of $29.24.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Hedge funds have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC lifted its position in KraneShares Hedgeye Hedged Equity Index ETF by 362.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 34,916 shares of the company’s stock worth $958,000 after acquiring an additional 27,367 shares during the last quarter. Sound Financial Strategies Group LLC lifted its position in KraneShares Hedgeye Hedged Equity Index ETF by 24.0% during the fourth quarter. Sound Financial Strategies Group LLC now owns 110,977 shares of the company’s stock worth $3,046,000 after acquiring an additional 21,484 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in KraneShares Hedgeye Hedged Equity Index ETF by 3.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 17,006 shares of the company’s stock worth $467,000 after acquiring an additional 536 shares during the last quarter. Private Trust Co. NA acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth approximately $313,000. Finally, Jane Street Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth approximately $704,000.

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.