KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 8,204 shares, a drop of 68.7% from the August 15th total of 26,187 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 29,801 shares, the short-interest ratio is currently 0.3 days.
KraneShares Hedgeye Hedged Equity Index ETF Stock Performance
KSPY stock traded up $0.23 during midday trading on Friday, reaching $30.02. 328,470 shares of the company traded hands, compared to its average volume of 44,841. The firm has a market capitalization of $120.08 million, a price-to-earnings ratio of 24.69 and a beta of 0.43. KraneShares Hedgeye Hedged Equity Index ETF has a 52-week low of $26.82 and a 52-week high of $30.22. The business has a 50 day moving average of $29.73 and a 200-day moving average of $28.82.
Institutional Trading of KraneShares Hedgeye Hedged Equity Index ETF
A number of institutional investors have recently bought and sold shares of KSPY. Royal Bank of Canada boosted its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after buying an additional 865 shares during the period. HighTower Advisors LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter valued at $225,000. Jane Street Group LLC bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 2nd quarter worth about $362,000. Truist Financial Corp bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 4th quarter worth about $423,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 2.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 16,470 shares of the company’s stock worth $467,000 after purchasing an additional 457 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.
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