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

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

Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after buying an additional 865 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF during the third quarter worth approximately $214,000. HighTower Advisors LLC acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth approximately $225,000. Private Trust Co. NA acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth approximately $313,000. Finally, Jane Street Group LLC acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF during the second quarter worth approximately $362,000.

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

KSPY traded up $0.23 on Friday, hitting $28.97. 93,982 shares of the company were exchanged, compared to its average volume of 39,112. KraneShares Hedgeye Hedged Equity Index ETF has a 12 month low of $26.07 and a 12 month high of $29.24. The company has a market cap of $95.60 million, a PE ratio of 24.69 and a beta of 0.45. The stock’s fifty day moving average is $28.47 and its 200-day moving average is $28.18.

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.