Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Significant Increase in Short Interest

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 19,181 shares, a growth of 132.9% from the June 30th total of 8,234 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 45,285 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Brown Advisory Flexible Equity ETF

A number of hedge funds have recently modified their holdings of BAFE. Avalon Trust Co bought a new stake in Brown Advisory Flexible Equity ETF in the 1st quarter valued at about $38,000. Royal Bank of Canada bought a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth approximately $169,000. Goldman Sachs Group Inc. acquired a new stake in Brown Advisory Flexible Equity ETF in the fourth quarter valued at approximately $203,000. Jane Street Group LLC increased its holdings in Brown Advisory Flexible Equity ETF by 11.6% during the 4th quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $288,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Brown Advisory Flexible Equity ETF during the second quarter worth about $1,208,000.

Brown Advisory Flexible Equity ETF Price Performance

Shares of BAFE stock traded up $0.01 during trading hours on Tuesday, reaching $28.89. 86,133 shares of the company were exchanged, compared to its average volume of 75,251. Brown Advisory Flexible Equity ETF has a fifty-two week low of $24.47 and a fifty-two week high of $29.61. The stock’s fifty day moving average is $28.87 and its two-hundred day moving average is $27.62. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 24.62 and a beta of 0.97.

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.