Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Grows By 75.1%

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

KraneShares Hedgeye Hedged Equity Index ETF Trading Down 0.1%

KSPY stock traded down $0.02 during midday trading on Tuesday, hitting $29.89. The company had a trading volume of 6,389 shares, compared to its average volume of 42,172. KraneShares Hedgeye Hedged Equity Index ETF has a 52 week low of $26.82 and a 52 week high of $30.02. The stock’s 50 day moving average price is $29.39 and its 200 day moving average price is $28.56. The stock has a market cap of $119.56 million, a price-to-earnings ratio of 24.69 and a beta of 0.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC purchased a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter valued at $11,691,000. Private Advisor Group LLC purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the first quarter valued at about $11,218,000. Ball & Co Wealth Management Inc. bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the first quarter valued at about $10,252,000. Cetera Investment Advisers raised its stake 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 during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth about $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.