KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Verdence Capital Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the third quarter worth about $2,603,000. Reyes Financial Architecture Inc. raised its holdings 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 worth $4,719,000 after buying an additional 137,757 shares in the last quarter. Persium Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter worth approximately $205,000. Cetera Investment Advisers lifted its position in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during the first quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock worth $5,965,000 after purchasing an additional 53,933 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the first quarter worth approximately $10,252,000.

KraneShares Hedgeye Hedged Equity Index ETF Trading Down 1.5%

KraneShares Hedgeye Hedged Equity Index ETF stock traded down $0.45 during mid-day trading on Friday, hitting $29.94. The company’s stock had a trading volume of 22,240 shares, compared to its average volume of 44,693. The firm has a market capitalization of $130.24 million, a PE ratio of 24.69 and a beta of 0.43. The stock’s fifty day moving average is $30.09 and its two-hundred day moving average is $28.93. KraneShares Hedgeye Hedged Equity Index ETF has a 1 year low of $26.82 and a 1 year high of $30.48.

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.