Brandes U.S. Value ETF (BATS:BUSA) Sees Large Drop in Short Interest

Brandes U.S. Value ETF (BATS:BUSA) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 9,513 shares, a decline of 62.7% from the August 31st total of 25,524 shares. Based on an average daily trading volume, of 23,444 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Brandes U.S. Value ETF

An institutional investor recently bought a new position in Brandes U.S. Value ETF stock. Wedbush Securities Inc. bought a new stake in Brandes U.S. Value ETF (BATS:BUSA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,550 shares of the company’s stock, valued at approximately $453,000. Wedbush Securities Inc. owned approximately 0.17% of Brandes U.S. Value ETF at the end of the most recent quarter.

Brandes U.S. Value ETF Trading Down 1.4%

Shares of Brandes U.S. Value ETF stock traded down $0.57 during trading on Tuesday, reaching $39.38. The stock had a trading volume of 1,896 shares, compared to its average volume of 26,774. The company has a market capitalization of $272.54 million, a price-to-earnings ratio of 15.10 and a beta of 0.74. The stock has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $39.67. Brandes U.S. Value ETF has a 52 week low of $34.00 and a 52 week high of $42.74.

Brandes U.S. Value ETF Company Profile

The Brandes U.S. Value ETF (BUSA) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies whose business activities are predominantly in the US. The fund seeks securities that are perceived to be trading at a discount to their intrinsic value BUSA was launched on Oct 3, 2023 and is issued by Brandes.