Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Drops By 80.9%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 14,684 shares, a decrease of 80.9% from the June 15th total of 76,869 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 37,934 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. LPL Financial LLC purchased a new position in 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 in the first quarter worth about $11,218,000. Ball & Co Wealth Management Inc. bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the first quarter valued at approximately $10,252,000. CLG LLC increased its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 0.4% during the second quarter. CLG LLC now owns 224,893 shares of the company’s stock valued at $5,979,000 after purchasing an additional 886 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of 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 purchasing an additional 53,933 shares during the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Trading Up 0.2%

KSPY traded up $0.07 during trading on Friday, reaching $29.55. The stock had a trading volume of 46,615 shares, compared to its average volume of 41,556. The stock’s 50 day moving average is $28.92 and its two-hundred day moving average is $28.20. The company has a market capitalization of $118.20 million, a price-to-earnings ratio of 24.69 and a beta of 0.44. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $26.66 and a one year high of $29.65.

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.