KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Short Interest Update

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 8,204 shares, a drop of 68.7% from the August 15th total of 26,187 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 29,801 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

A number of large investors have recently modified their holdings of KSPY. Cetera Investment Advisers increased its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during the first quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock valued at $5,965,000 after acquiring an additional 53,933 shares in the last quarter. Ball & Co Wealth Management Inc. acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth approximately $10,252,000. Ascentis Independent Advisors acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth approximately $468,000. Private Advisor Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth approximately $11,218,000. Finally, Royal Bank of Canada grew its position in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the 4th quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after purchasing an additional 865 shares during the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

KSPY stock traded up $0.23 on Friday, hitting $30.02. 328,470 shares of the company’s stock were exchanged, compared to its average volume of 44,841. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.82 and a 12-month high of $30.22. The firm has a 50 day moving average price of $29.73 and a two-hundred day moving average price of $28.83. The stock has a market cap of $120.08 million, a P/E ratio of 24.69 and a beta of 0.43.

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.