Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Drops By 94.2%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 9,348 shares, a drop of 94.2% from the April 15th total of 161,201 shares. Based on an average daily volume of 17,221 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of NYSEARCA KSPY traded up $0.04 during trading hours on Wednesday, reaching $28.67. The stock had a trading volume of 25,243 shares, compared to its average volume of 43,869. The business’s fifty day moving average is $27.92 and its two-hundred day moving average is $28.17. The company has a market cap of $94.61 million, a price-to-earnings ratio of 24.69 and a beta of 0.46. KraneShares Hedgeye Hedged Equity Index ETF has a twelve month low of $25.37 and a twelve month high of $29.24.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC acquired a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter valued at about $11,691,000. Private Advisor Group LLC acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter worth about $11,218,000. Ball & Co Wealth Management Inc. bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the first quarter worth about $10,252,000. Stratos Wealth Advisors LLC lifted its stake in KraneShares Hedgeye Hedged Equity Index ETF by 362.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 34,916 shares of the company’s stock worth $958,000 after purchasing an additional 27,367 shares during the period. Finally, Jane Street Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter valued at approximately $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.