KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) Shares Shorted: Short Interest Down 83.3% in October

KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 4,686 shares, a decline of 83.3% from the October 15th total of 28,133 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 51,374 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of NYSEARCA KSPY traded down $0.04 during mid-day trading on Thursday, hitting $29.82. The company’s stock had a trading volume of 9,535 shares, compared to its average volume of 45,064. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $26.82 and a one year high of $30.48. The company’s fifty day simple moving average is $30.06 and its 200-day simple moving average is $29.00. The stock has a market cap of $132.70 million, a price-to-earnings ratio of 24.69 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KSPY. Persium Advisors LLC bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter valued at about $205,000. HighTower Advisors LLC bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the third quarter worth $395,000. Verdence Capital Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 3rd quarter valued at $2,603,000. Reyes Financial Architecture Inc. grew 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 valued at $4,719,000 after buying an additional 137,757 shares during the period. Finally, Cetera Investment Advisers grew 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 valued at $5,965,000 after buying an additional 53,933 shares during the period.

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.