Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Declines By 43.9%

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,247 shares, a drop of 43.9% from the April 30th total of 9,348 shares. Based on an average daily volume of 17,934 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

KraneShares Hedgeye Hedged Equity Index ETF Trading Up 0.0%

NYSEARCA KSPY traded up $0.01 during mid-day trading on Tuesday, hitting $29.02. The company’s stock had a trading volume of 8,829 shares, compared to its average volume of 40,109. The company’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $28.17. KraneShares Hedgeye Hedged Equity Index ETF has a twelve month low of $25.91 and a twelve month high of $29.24. The firm has a market capitalization of $95.77 million, a price-to-earnings ratio of 24.69 and a beta of 0.46.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the 4th quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after acquiring an additional 865 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 3rd quarter worth $214,000. HighTower Advisors LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter worth $225,000. Private Trust Co. NA purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter worth $313,000. Finally, Jane Street Group LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 2nd quarter worth $362,000.

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.