KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) Shares Shorted: Short Interest Down 54.8% in October

KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,386 shares, a decrease of 54.8% from the September 30th total of 7,485 shares. Based on an average trading volume of 3,823 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares Man Buyout Beta Index ETF stock. Invested Advisors boosted its position in shares of KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) by 78.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,144 shares of the company’s stock after purchasing an additional 7,997 shares during the period. Invested Advisors owned about 3.63% of KraneShares Man Buyout Beta Index ETF worth $578,000 at the end of the most recent reporting period.

KraneShares Man Buyout Beta Index ETF Stock Down 1.7%

BUYO stock traded down $0.58 during midday trading on Friday, reaching $33.03. The company’s stock had a trading volume of 1,043 shares, compared to its average volume of 1,067. The business’s 50-day simple moving average is $32.73 and its 200-day simple moving average is $31.16. KraneShares Man Buyout Beta Index ETF has a 52 week low of $25.72 and a 52 week high of $34.53. The stock has a market cap of $16.52 million, a PE ratio of 18.59 and a beta of 1.12.

About KraneShares Man Buyout Beta Index ETF

The KraneShares Man Buyout Beta Index ETF (BUYO) is an exchange-traded fund that is based on the Man Buyout Beta index, a market-cap-weighted index designed to deliver private-equity-like performance through investments in small- and mid-cap US stocks BUYO was launched on Oct 8, 2024 and is issued by KraneShares.