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 September. As of September 15th, there was short interest totaling 12,788 shares, a growth of 55.9% from the August 31st total of 8,204 shares. Based on an average daily volume of 97,322 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

KSPY opened at $30.20 on Friday. The company has a 50 day simple moving average of $29.90 and a two-hundred day simple moving average of $29.04. The firm has a market cap of $122.31 million, a P/E ratio of 24.69 and a beta of 0.43. KraneShares Hedgeye Hedged Equity Index ETF has a 1-year low of $26.82 and a 1-year high of $30.22.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

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

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.