Main International ETF (BATS:INTL) Trading Down 2.5% – Here’s What Happened

Shares of Main International ETF (BATS:INTL) dropped 2.5% during mid-day trading on Thursday . The company traded as low as $28.26 and last traded at $28.26. Approximately 34,485 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 42,168 shares. The stock had previously closed at $28.98.

Wall Street Analyst Weigh In

Separately, Tigress Financial upped their price objective on shares of Main International ETF from $52.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th.

Main International ETF Trading Down 0.7%

The business’s 50 day moving average price is $29.46 and its two-hundred day moving average price is $28.37. The stock has a market cap of $144.84 million, a P/E ratio of 16.04 and a beta of 0.80.

Main International ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.7176 per share. This represents a yield of 515.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Main International ETF stock. Main Management LLC increased its position in Main International ETF (BATS:INTL) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,633,161 shares of the company’s stock after purchasing an additional 12,549 shares during the quarter. Main International ETF makes up about 7.4% of Main Management LLC’s investment portfolio, making the stock its 4th largest holding. Main Management LLC owned about 70.41% of Main International ETF worth $93,659,000 at the end of the most recent reporting period.

About Main International ETF

The Main International ETF (INTL) is an exchange-traded fund that mostly invests in total market equity. The fund is a fund-of-funds containing non-US equity exposure. The fund is actively managed, seeking long term capital appreciation through equity exposure and covered option writing strategies. INTL was launched on Dec 1, 2022 and is managed by Main Funds.