Short Interest in KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) Increases By 1,010.8%

KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,577 shares, an increase of 1,010.8% from the June 30th total of 232 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,378 shares, the short-interest ratio is presently 1.9 days.

KraneShares Man Buyout Beta Index ETF Stock Up 0.2%

Shares of BUYO stock traded up $0.08 during mid-day trading on Friday, reaching $32.45. 556 shares of the stock traded hands, compared to its average volume of 975. The company has a market cap of $16.23 million, a price-to-earnings ratio of 18.59 and a beta of 1.08. The stock’s fifty day simple moving average is $32.22 and its two-hundred day simple moving average is $30.16. KraneShares Man Buyout Beta Index ETF has a 1-year low of $24.67 and a 1-year high of $33.88.

Hedge Funds Weigh In On KraneShares Man Buyout Beta Index ETF

A hedge fund recently bought a new stake in KraneShares Man Buyout Beta Index ETF stock. Ascentis Independent Advisors purchased a new position in shares of KraneShares Man Buyout Beta Index ETF (NYSEARCA:BUYO) in the first quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

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.