KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) Short Interest Down 60.2% in April

KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 727 shares, a decline of 60.2% from the April 15th total of 1,826 shares. Based on an average daily trading volume, of 227 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares Man Buyout Beta Index ETF stock. Ascentis Independent Advisors purchased a new stake in KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,504 shares of the company’s stock, valued at approximately $567,000. Ascentis Independent Advisors owned 4.10% of KraneShares Man Buyout Beta Index ETF as of its most recent SEC filing.

KraneShares Man Buyout Beta Index ETF Stock Performance

Shares of NYSEARCA:BUYO remained flat at $30.76 during trading on Thursday. 31 shares of the stock traded hands, compared to its average volume of 1,030. KraneShares Man Buyout Beta Index ETF has a 12 month low of $23.54 and a 12 month high of $31.36. The company’s fifty day moving average is $28.93 and its 200-day moving average is $28.42. The company has a market capitalization of $15.38 million, a price-to-earnings ratio of 18.59 and a beta of 1.17.

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.