KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Short Interest Update

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 76,869 shares, an increase of 477.7% from the May 31st total of 13,306 shares. Based on an average daily trading volume, of 22,406 shares, the short-interest ratio is presently 3.4 days. Currently, 2.3% of the company’s shares are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of KraneShares Hedgeye Hedged Equity Index ETF stock traded down $0.01 during trading on Friday, hitting $28.76. 53,261 shares of the company were exchanged, compared to its average volume of 39,022. The firm has a market capitalization of $94.91 million, a P/E ratio of 24.69 and a beta of 0.45. KraneShares Hedgeye Hedged Equity Index ETF has a 1-year low of $26.50 and a 1-year high of $29.55. The firm’s fifty day moving average price is $28.70 and its 200 day moving average price is $28.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock valued at $40,000 after purchasing an additional 865 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth $225,000. Private Trust Co. NA bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth $313,000. Jane Street Group LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 2nd quarter valued at $362,000. Finally, Truist Financial Corp acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter valued at $423,000.

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.