Brookstone Ultra-Short Bond ETF (BATS:BAMU) Sees Significant Growth in Short Interest

Brookstone Ultra-Short Bond ETF (BATS:BAMU) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 10,416 shares, an increase of 205.9% from the August 15th total of 3,405 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 9,079 shares, the days-to-cover ratio is currently 1.1 days.

Brookstone Ultra-Short Bond ETF Stock Down 0.0%

Shares of BAMU stock opened at $25.18 on Friday. Brookstone Ultra-Short Bond ETF has a one year low of $25.09 and a one year high of $25.42. The company’s 50-day simple moving average is $25.27 and its 200-day simple moving average is $25.25.

Brookstone Ultra-Short Bond ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 28th were issued a dividend of $0.1739 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 28th.

Hedge Funds Weigh In On Brookstone Ultra-Short Bond ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Brookstone Ultra-Short Bond ETF in the second quarter worth $118,000. Jane Street Group LLC bought a new position in shares of Brookstone Ultra-Short Bond ETF during the second quarter valued at approximately $328,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Brookstone Ultra-Short Bond ETF during the 2nd quarter worth approximately $528,000.

Brookstone Ultra-Short Bond ETF Company Profile

The Brookstone Ultra-Short Bond ETF (BAMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US Treasurys and investment grade corporate bonds with maturities between 0-2 years. BAMU was launched on Sep 27, 2023 and is issued by Brookstone.