Short Interest in KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Declines By 94.2%

by · The Cerbat Gem

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 9,348 shares, a decrease of 94.2% from the April 15th total of 161,201 shares. Based on an average trading volume of 17,221 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

Shares of KSPY traded down $0.01 during mid-day trading on Monday, hitting $28.60. The company’s stock had a trading volume of 10,778 shares, compared to its average volume of 43,953. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $25.34 and a one year high of $29.24. The firm has a market capitalization of $94.38 million, a PE ratio of 24.69 and a beta of 0.46. The stock’s 50-day moving average is $27.91 and its two-hundred day moving average is $28.17.

Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF

Several hedge funds have recently modified their holdings of KSPY. Jane Street Group LLC bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the second quarter valued at approximately $362,000. CLG LLC boosted its position in shares of 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 valued at $5,979,000 after acquiring an additional 886 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of KraneShares Hedgeye Hedged Equity Index ETF by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 141,347 shares of the company’s stock valued at $4,004,000 after acquiring an additional 697 shares during the period. Stratos Wealth Advisors LLC bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the third quarter valued at approximately $214,000. Finally, Susquehanna International Group LLP raised its stake in shares of 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 valued at $1,824,000 after purchasing an additional 18,402 shares in the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Company Profile

(Get Free Report)

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.

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