Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Short Interest Down 69.1% in July

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,932 shares, a drop of 69.1% from the July 15th total of 19,181 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 33,987 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Brown Advisory Flexible Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its position in shares of Brown Advisory Flexible Equity ETF by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after acquiring an additional 2,093,356 shares during the period. Tred Avon Family Wealth LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF during the 4th quarter valued at about $2,171,000. Jane Street Group LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at about $1,359,000. Quantinno Capital Management LP purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter valued at about $1,208,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 4th quarter valued at about $203,000.

Brown Advisory Flexible Equity ETF Stock Performance

Shares of NASDAQ:BAFE remained flat at $30.47 during trading on Friday. 30,742 shares of the stock traded hands, compared to its average volume of 70,766. The stock has a market capitalization of $1.77 billion, a P/E ratio of 24.62 and a beta of 0.96. The business’s 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $27.82. Brown Advisory Flexible Equity ETF has a 52-week low of $24.47 and a 52-week high of $30.58.

Brown Advisory Flexible Equity ETF Company Profile

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.