KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Sees Significant Decrease in Short Interest

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,686 shares, a decline of 83.3% from the October 15th total of 28,133 shares. Based on an average daily trading volume, of 51,374 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the third quarter valued at $33,296,000. HighTower Advisors LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the third quarter valued at about $395,000. Verdence Capital Advisors LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter worth approximately $2,603,000. Reyes Financial Architecture Inc. raised its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 727.8% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 156,686 shares of the company’s stock worth $4,719,000 after acquiring an additional 137,757 shares during the period. Finally, Persium Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 3rd quarter worth about $205,000.

KraneShares Hedgeye Hedged Equity Index ETF Trading Down 0.1%

KSPY stock traded down $0.02 during midday trading on Friday, hitting $29.80. 23,494 shares of the company’s stock were exchanged, compared to its average volume of 44,966. The stock has a market capitalization of $129.63 million, a price-to-earnings ratio of 25.27 and a beta of 0.43. The firm has a 50 day moving average price of $30.05 and a 200-day moving average price of $29.01. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.82 and a 12-month high of $30.48.

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.