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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,932 shares, a decrease of 69.1% from the July 15th total of 19,181 shares. Based on an average daily volume of 33,987 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avalon Trust Co acquired a new stake in Brown Advisory Flexible Equity ETF in the 1st quarter valued at approximately $38,000. Royal Bank of Canada acquired a new position in Brown Advisory Flexible Equity ETF during the 1st quarter worth $169,000. Goldman Sachs Group Inc. bought a new position in shares of Brown Advisory Flexible Equity ETF in the fourth quarter worth $203,000. Jane Street Group LLC grew its stake in shares of Brown Advisory Flexible Equity ETF by 11.6% in the fourth 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 bought a new position in shares of Brown Advisory Flexible Equity ETF in the second quarter worth $1,208,000.

Brown Advisory Flexible Equity ETF Trading Down 0.2%

Shares of NASDAQ:BAFE opened at $30.41 on Friday. The firm’s 50 day moving average is $29.26 and its two-hundred day moving average is $27.84. Brown Advisory Flexible Equity ETF has a 52 week low of $24.47 and a 52 week high of $30.58. The firm has a market capitalization of $1.77 billion, a P/E ratio of 24.62 and a beta of 0.96.

About Brown Advisory Flexible Equity ETF

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.