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

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

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of NYSEARCA KSPY traded up $0.15 during midday trading on Friday, reaching $28.92. 29,847 shares of the stock traded hands, compared to its average volume of 38,827. The company’s 50 day moving average is $28.69 and its 200 day moving average is $28.18. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $26.50 and a one year high of $29.55. The stock has a market capitalization of $95.44 million, a PE ratio of 24.69 and a beta of 0.45.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC purchased 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 purchased a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter valued at $11,218,000. Ball & Co Wealth Management Inc. bought a new position in KraneShares Hedgeye Hedged Equity Index ETF during the first quarter valued at $10,252,000. Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 53,933 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 362.5% during the 4th 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.

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.