Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Increases By 477.7%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 76,869 shares, an increase of 477.7% from the May 31st total of 13,306 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 22,406 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in 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. HighTower Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter valued at about $225,000. Private Trust Co. NA bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter valued at about $313,000. Jane Street Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the second quarter worth about $362,000. Finally, Truist Financial Corp acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth about $423,000.

KraneShares Hedgeye Hedged Equity Index ETF Stock Down 0.0%

Shares of KSPY stock traded down $0.01 during trading hours on Friday, reaching $28.76. 53,261 shares of the company’s stock were exchanged, compared to its average volume of 39,022. KraneShares Hedgeye Hedged Equity Index ETF has a fifty-two week low of $26.50 and a fifty-two week high of $29.55. The stock has a market capitalization of $94.91 million, a P/E ratio of 24.69 and a beta of 0.45. The business has a fifty day moving average price of $28.70 and a 200-day moving average price of $28.19.

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.