Burney U.S. Factor Rotation ETF (NASDAQ:BRNY – Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,248 shares, a drop of 43.7% from the June 30th total of 25,285 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,384 shares, the days-to-cover ratio is currently 0.8 days.
Burney U.S. Factor Rotation ETF Price Performance
NASDAQ:BRNY traded down $0.34 during mid-day trading on Friday, reaching $57.05. 24,963 shares of the company’s stock traded hands, compared to its average volume of 22,005. The company has a 50 day moving average price of $57.50 and a 200-day moving average price of $53.48. Burney U.S. Factor Rotation ETF has a 12-month low of $44.91 and a 12-month high of $58.93. The firm has a market capitalization of $577.92 million, a price-to-earnings ratio of 22.00 and a beta of 1.03.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. purchased a new position in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned about 0.06% of Burney U.S. Factor Rotation ETF as of its most recent SEC filing.
Burney U.S. Factor Rotation ETF Company Profile
The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.
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