Brandes U.S. Small-Mid Cap Value ETF (BATS:BSMC) Short Interest Up 177.5% in May

Brandes U.S. Small-Mid Cap Value ETF (BATS:BSMC) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 24,044 shares, a growth of 177.5% from the May 14th total of 8,663 shares. Based on an average daily volume of 10,312 shares, the short-interest ratio is currently 2.3 days. Approximately 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On Brandes U.S. Small-Mid Cap Value ETF

A hedge fund recently bought a new stake in Brandes U.S. Small-Mid Cap Value ETF stock. Flow Traders U.S. LLC acquired a new stake in Brandes U.S. Small-Mid Cap Value ETF (BATS:BSMC) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,132 shares of the company’s stock, valued at approximately $305,000. Flow Traders U.S. LLC owned 0.26% of Brandes U.S. Small-Mid Cap Value ETF at the end of the most recent reporting period.

Brandes U.S. Small-Mid Cap Value ETF Trading Up 0.9%

Shares of BSMC stock opened at $39.01 on Friday. Brandes U.S. Small-Mid Cap Value ETF has a 1 year low of $30.59 and a 1 year high of $39.65. The firm’s 50 day moving average is $37.76 and its 200-day moving average is $36.62. The firm has a market capitalization of $137.32 million, a price-to-earnings ratio of 15.29 and a beta of 0.87.

About Brandes U.S. Small-Mid Cap Value ETF

The Brandes U.S. Small-Mid Cap Value ETF (BSMC) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, investing in equity securities of small- and mid-cap companies in the US. The fund seeks securities that are perceived to be undervalued BSMC was launched on Oct 3, 2023 and is issued by Brandes.