KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 13,306 shares, a growth of 153.6% from the May 14th total of 5,247 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 13,086 shares, the days-to-cover ratio is currently 1.0 days.
KraneShares Hedgeye Hedged Equity Index ETF Price Performance
Shares of NYSEARCA KSPY traded up $0.23 during trading on Friday, hitting $28.97. The stock had a trading volume of 93,982 shares, compared to its average volume of 39,112. KraneShares Hedgeye Hedged Equity Index ETF has a 12 month low of $26.07 and a 12 month high of $29.24. The company has a market capitalization of $95.60 million, a PE ratio of 24.69 and a beta of 0.45. The firm has a fifty day moving average of $28.47 and a two-hundred day moving average of $28.18.
Institutional Investors Weigh In On KraneShares Hedgeye Hedged Equity Index ETF
A number of institutional investors have recently added to or reduced their stakes in KSPY. LPL Financial LLC bought a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter worth about $11,691,000. Private Advisor Group LLC bought a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth about $11,218,000. Ball & Co Wealth Management Inc. bought a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth about $10,252,000. Cetera Investment Advisers grew its position in 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 purchasing an additional 53,933 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in KraneShares Hedgeye Hedged Equity Index ETF by 362.5% in the 4th quarter. Stratos Wealth Advisors LLC now owns 34,916 shares of the company’s stock worth $958,000 after purchasing an additional 27,367 shares in the last quarter.
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.
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