Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 20,756 shares, a growth of 184.1% from the April 30th total of 7,307 shares. Based on an average daily volume of 40,484 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Brown Advisory Flexible Equity ETF by 11.6% in the fourth quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $288,000 after purchasing an additional 1,092 shares during the last quarter. Avalon Trust Co purchased a new stake in Brown Advisory Flexible Equity ETF in the first quarter worth approximately $38,000. HB Wealth Management LLC boosted its holdings in Brown Advisory Flexible Equity ETF by 2.4% in the first quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after purchasing an additional 3,141 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Brown Advisory Flexible Equity ETF by 3.1% in the first quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after purchasing an additional 3,803 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth $169,000.

Brown Advisory Flexible Equity ETF Stock Performance

BAFE stock remained flat at $28.72 on Friday. 64,606 shares of the company traded hands, compared to its average volume of 77,215. Brown Advisory Flexible Equity ETF has a 52 week low of $24.47 and a 52 week high of $28.79. The company has a 50-day moving average of $27.24 and a 200-day moving average of $27.07. The company has a market capitalization of $1.65 billion, a PE ratio of 24.62 and a beta of 1.04.

About Brown Advisory Flexible Equity ETF

(Get Free Report)

The Brown Advisory Flexible Equity ETF (BAFE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects a concentrated portfolio of US based equity securities of mid- and large-cap companies, diversified across the economy. Flexibility in the name indicates the strategy is not constrained to a specific size or style BAFE was launched on Nov 18, 2024 and is issued by Brown Advisory.

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