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

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 28,133 shares, a growth of 100.6% from the September 30th total of 14,025 shares. Based on an average daily volume of 26,678 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

A number of large investors have recently modified their holdings of KSPY. Persium Advisors LLC purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the third quarter worth approximately $205,000. Ascentis Independent Advisors bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth approximately $468,000. Cetera Investment Advisers lifted its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% in the 1st quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock worth $5,965,000 after acquiring an additional 53,933 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter valued at $2,603,000. Finally, Reyes Financial Architecture Inc. boosted its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 727.8% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 156,686 shares of the company’s stock valued at $4,719,000 after purchasing an additional 137,757 shares in the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

KSPY stock traded down $0.45 during mid-day trading on Friday, hitting $29.94. 22,240 shares of the stock were exchanged, compared to its average volume of 44,693. The business has a fifty day moving average price of $30.09 and a 200 day moving average price of $28.93. KraneShares Hedgeye Hedged Equity Index ETF has a 12 month low of $26.82 and a 12 month high of $30.48. The stock has a market capitalization of $130.24 million, a price-to-earnings ratio of 24.69 and a beta of 0.43.

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.