Short Interest in Brandes International ETF (BATS:BINV) Declines By 43.6%

Brandes International ETF (BATS:BINV) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 36,090 shares, a decline of 43.6% from the July 30th total of 64,028 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 30,564 shares, the days-to-cover ratio is currently 1.2 days.

Brandes International ETF Stock Performance

Shares of BINV opened at $45.46 on Friday. The firm has a market cap of $320.49 million, a PE ratio of 13.70 and a beta of 0.71. Brandes International ETF has a 52-week low of $36.93 and a 52-week high of $46.05. The business’s 50 day moving average price is $44.07 and its two-hundred day moving average price is $43.10.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Brandes International ETF stock. Madison Asset Management LLC boosted its stake in Brandes International ETF (BATS:BINV) by 21.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,861 shares of the company’s stock after purchasing an additional 13,911 shares during the quarter. Madison Asset Management LLC owned about 1.12% of Brandes International ETF worth $3,251,000 as of its most recent SEC filing.

About Brandes International ETF

The Brandes International ETF (BINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies who perform their business activities outside the US. The fund seeks securities that are perceived to be undervalued BINV was launched on Oct 3, 2023 and is issued by Brandes.