KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Short Interest Up 75.1% in July

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 35,318 shares, a growth of 75.1% from the July 15th total of 20,165 shares. Based on an average daily volume of 45,905 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of KSPY traded up $0.02 on Monday, reaching $29.94. The company’s stock had a trading volume of 10,374 shares, compared to its average volume of 42,397. The stock has a market capitalization of $119.76 million, a P/E ratio of 24.69 and a beta of 0.44. The stock’s 50 day simple moving average is $29.36 and its two-hundred day simple moving average is $28.55. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.82 and a 12-month high of $30.02.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the second quarter valued at $362,000. CLG LLC increased its position in KraneShares Hedgeye Hedged Equity Index ETF by 0.4% in the second quarter. CLG LLC now owns 224,893 shares of the company’s stock worth $5,979,000 after buying an additional 886 shares in the last quarter. Susquehanna International Group LLP increased its position in KraneShares Hedgeye Hedged Equity Index ETF by 40.0% in the third quarter. Susquehanna International Group LLP now owns 64,376 shares of the company’s stock worth $1,824,000 after buying an additional 18,402 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 2.9% in the third quarter. Kestra Private Wealth Services LLC now owns 16,470 shares of the company’s stock worth $467,000 after buying an additional 457 shares during the period. Finally, Private Trust Co. NA bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter worth about $313,000.

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.