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

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 35,318 shares, an increase of 75.1% from the July 15th total of 20,165 shares. Based on an average trading volume of 45,905 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are short sold.

KraneShares Hedgeye Hedged Equity Index ETF Stock Up 0.1%

NYSEARCA:KSPY traded up $0.02 during trading hours on Monday, hitting $29.94. 10,374 shares of the stock traded hands, compared to its average volume of 42,397. KraneShares Hedgeye Hedged Equity Index ETF has a 1 year low of $26.82 and a 1 year high of $30.02. The company has a market cap of $119.76 million, a price-to-earnings ratio of 24.69 and a beta of 0.44. The stock has a 50 day moving average price of $29.36 and a 200 day moving average price of $28.55.

Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in the 4th quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after buying an additional 865 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter valued at about $225,000. Private Trust Co. NA purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter valued at about $313,000. Jane Street Group LLC bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the second quarter worth about $362,000. Finally, Truist Financial Corp bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter worth about $423,000.

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.