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

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

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

NYSEARCA:KSPY traded up $0.07 during midday trading on Friday, reaching $29.55. 46,615 shares of the stock traded hands, compared to its average volume of 41,556. The stock has a market capitalization of $118.20 million, a P/E ratio of 24.69 and a beta of 0.44. The company has a fifty day moving average of $28.92 and a 200 day moving average of $28.20. KraneShares Hedgeye Hedged Equity Index ETF has a 12 month low of $26.66 and a 12 month high of $29.65.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of KSPY. Kestra Private Wealth Services LLC boosted its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 2.9% during the third quarter. Kestra Private Wealth Services LLC now owns 16,470 shares of the company’s stock worth $467,000 after purchasing an additional 457 shares during the period. Royal Bank of Canada raised 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 valued at $40,000 after purchasing an additional 865 shares during the last quarter. CLG LLC raised its position in KraneShares Hedgeye Hedged Equity Index ETF by 0.4% during the 2nd quarter. CLG LLC now owns 224,893 shares of the company’s stock valued at $5,979,000 after purchasing an additional 886 shares during the last quarter. HighTower Advisors LLC purchased a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter worth approximately $225,000. Finally, Private Trust Co. NA purchased a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter worth approximately $313,000.

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.