Short Interest in Brookstone Ultra-Short Bond ETF (BATS:BAMU) Drops By 87.5%

Brookstone Ultra-Short Bond ETF (BATS:BAMU) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 504 shares, a drop of 87.5% from the April 30th total of 4,029 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,863 shares, the days-to-cover ratio is currently 0.1 days.

Brookstone Ultra-Short Bond ETF Price Performance

Shares of BATS BAMU opened at $25.34 on Thursday. The business has a 50-day simple moving average of $25.28 and a two-hundred day simple moving average of $25.25. Brookstone Ultra-Short Bond ETF has a fifty-two week low of $25.09 and a fifty-two week high of $25.44.

Institutional Investors Weigh In On Brookstone Ultra-Short Bond ETF

Several institutional investors have recently added to or reduced their stakes in BAMU. Jane Street Group LLC acquired a new stake in Brookstone Ultra-Short Bond ETF in the second quarter worth about $328,000. AlphaStar Capital Management LLC acquired a new stake in Brookstone Ultra-Short Bond ETF in the fourth quarter worth about $264,000. Finally, JPMorgan Chase & Co. acquired a new stake in Brookstone Ultra-Short Bond ETF in the second quarter worth about $118,000.

About Brookstone Ultra-Short Bond ETF

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.