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

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 13,306 shares, an increase of 153.6% from the May 14th total of 5,247 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 13,086 shares, the days-to-cover ratio is currently 1.0 days.

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

NYSEARCA KSPY traded up $0.23 during trading on Friday, reaching $28.97. The company’s stock had a trading volume of 93,982 shares, compared to its average volume of 39,112. The firm has a market cap of $95.60 million, a price-to-earnings ratio of 24.69 and a beta of 0.45. KraneShares Hedgeye Hedged Equity Index ETF has a twelve month low of $26.07 and a twelve month high of $29.24. The business’s fifty day moving average price is $28.47 and its 200-day moving average price is $28.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in KraneShares Hedgeye Hedged Equity Index ETF by 33.0% in the first quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock valued at $5,965,000 after purchasing an additional 53,933 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter valued at $10,252,000. Ascentis Independent Advisors acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter valued at $468,000. Private Advisor Group LLC acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter valued at $11,218,000. Finally, Royal Bank of Canada increased its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in the fourth 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 period.

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.