KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,684 shares, a decrease of 80.9% from the June 15th total of 76,869 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,934 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF
A number of large investors have recently made changes to their positions in KSPY. Cetera Investment Advisers increased its position in KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during 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. Ball & Co Wealth Management Inc. purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter valued at about $10,252,000. Ascentis Independent Advisors purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter valued at about $468,000. Private Advisor Group LLC purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter valued at about $11,218,000. Finally, Royal Bank of Canada boosted its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the 4th quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after purchasing an additional 865 shares during the last quarter.
KraneShares Hedgeye Hedged Equity Index ETF Price Performance
KraneShares Hedgeye Hedged Equity Index ETF stock traded down $0.07 during mid-day trading on Monday, hitting $29.48. 16,127 shares of the company were exchanged, compared to its average volume of 41,361. The business’s 50 day simple moving average is $28.94 and its two-hundred day simple moving average is $28.22. The company has a market capitalization of $117.92 million, a P/E ratio of 24.69 and a beta of 0.44. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $26.66 and a 12-month high of $29.65.
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.
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