KraneShares Hedgeye Hedged Equity Index ETF (KSPY)
KraneShares Hedgeye Hedged Equity Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $29.92, up 0.10% on the session, giving a market capitalisation of $122.6M. Its beta of 0.45 implies it has historically moved less than the broad market.
Typically, the fund invests a minimum of 80% of its net assets in constituents of its benchmark index or financial instruments with equivalent economic characteristics. Its underlying benchmark is engineered to track a portfolio of large-capitalization equities that utilizes downside hedging. This hedging aims to deliver reduced volatility compared to an unhedged large-cap portfolio. The fund is non-diversified.
KraneShares Hedgeye Hedged Equity Index ETF is most often compared with the following Financial Services names: