Main International ETF (BATS:INTL) Sees Large Increase in Short Interest

Main International ETF (BATS:INTL) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 22,128 shares, a growth of 142.4% from the May 31st total of 9,127 shares. Based on an average daily trading volume, of 26,698 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Main International ETF Price Performance

INTL stock opened at $30.41 on Tuesday. The business has a 50-day moving average price of $30.62 and a 200 day moving average price of $29.57. The company has a market capitalization of $156.92 million, a P/E ratio of 16.04 and a beta of 0.80. Main International ETF has a 1-year low of $25.34 and a 1-year high of $32.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Main International ETF stock. Main Management LLC increased its holdings in shares of Main International ETF (BATS:INTL) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,735,118 shares of the company’s stock after purchasing an additional 89,077 shares during the period. Main International ETF accounts for 7.5% of Main Management LLC’s holdings, making the stock its 6th biggest holding. Main Management LLC owned about 72.39% of Main International ETF worth $104,247,000 as of its most recent SEC filing.

Main International ETF Company Profile

The Main International ETF (INTL) is an exchange-traded fund that mostly invests in total market equity. The fund is a fund-of-funds containing non-US equity exposure. The fund is actively managed, seeking long term capital appreciation through equity exposure and covered option writing strategies. INTL was launched on Dec 1, 2022 and is managed by Main Funds.