KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Short Interest Down 80.9% in June

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,684 shares, a decrease of 80.9% from the June 15th total of 76,869 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 37,934 shares, the short-interest ratio is currently 0.4 days.

KraneShares Hedgeye Hedged Equity Index ETF Stock Down 0.2%

Shares of KraneShares Hedgeye Hedged Equity Index ETF stock traded down $0.07 during trading hours on Monday, hitting $29.48. 16,127 shares of the company’s stock traded hands, compared to its average volume of 41,361. KraneShares Hedgeye Hedged Equity Index ETF has a twelve month low of $26.66 and a twelve month high of $29.65. The company has a market cap of $117.92 million, a PE ratio of 24.69 and a beta of 0.44. The stock has a 50 day simple moving average of $28.94 and a 200-day simple moving average of $28.22.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Advisors LLC grew its position in shares of 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 buying an additional 27,367 shares in the last quarter. Sound Financial Strategies Group LLC raised its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 24.0% in the fourth quarter. Sound Financial Strategies Group LLC now owns 110,977 shares of the company’s stock valued at $3,046,000 after acquiring an additional 21,484 shares in the last quarter. Ball & Co Wealth Management Inc. acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter valued at $10,252,000. Ascentis Independent Advisors bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter valued at $468,000. Finally, Private Advisor Group LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter valued at $11,218,000.

About KraneShares Hedgeye Hedged Equity Index ETF

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.