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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,756 shares, an increase of 184.1% from the April 30th total of 7,307 shares. Based on an average daily volume of 40,484 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of 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 during the period. Avalon Trust Co purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth about $38,000. HB Wealth Management LLC boosted its stake in shares of Brown Advisory Flexible Equity ETF by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after purchasing an additional 3,141 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% during the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after purchasing an additional 3,803 shares during the period. Finally, Royal Bank of Canada purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth about $169,000.

Brown Advisory Flexible Equity ETF Price Performance

Shares of BAFE stock remained flat at $28.72 during trading hours on Friday. 64,606 shares of the company were exchanged, compared to its average volume of 77,215. Brown Advisory Flexible Equity ETF has a 52-week low of $24.47 and a 52-week high of $28.79. The stock’s 50-day moving average is $27.24 and its 200-day moving average is $27.07. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 24.62 and a beta of 1.04.

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.