KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Stock Short Interest Climbs 100.6%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 28,133 shares, an increase of 100.6% from the September 30th total of 14,025 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 26,678 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its position in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during the 1st quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock valued at $5,965,000 after buying an additional 53,933 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter worth $10,252,000. Ascentis Independent Advisors bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter worth $468,000. Private Advisor Group LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF in the first quarter worth $11,218,000. Finally, Reyes Financial Architecture Inc. grew its position in KraneShares Hedgeye Hedged Equity Index ETF by 727.8% in the third quarter. Reyes Financial Architecture Inc. now owns 156,686 shares of the company’s stock worth $4,719,000 after acquiring an additional 137,757 shares in the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Trading Down 1.5%

Shares of NYSEARCA KSPY traded down $0.45 during midday trading on Friday, hitting $29.94. 22,240 shares of the company’s stock were exchanged, compared to its average volume of 44,693. The business’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $28.93. The company has a market cap of $130.24 million, a price-to-earnings ratio of 24.69 and a beta of 0.43. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.82 and a 12-month high of $30.48.

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.