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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,932 shares, a decline of 69.1% from the July 15th total of 19,181 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,987 shares, the days-to-cover ratio is presently 0.2 days.

Brown Advisory Flexible Equity ETF Stock Performance

Shares of BAFE stock remained flat at $30.47 during trading hours on Friday. The stock had a trading volume of 30,742 shares, compared to its average volume of 70,766. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. The business’s fifty day moving average price is $29.23 and its 200 day moving average price is $27.82. Brown Advisory Flexible Equity ETF has a twelve month low of $24.47 and a twelve month high of $30.58.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAFE. Jane Street Group LLC raised its position in Brown Advisory Flexible Equity ETF by 11.6% during the fourth quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $288,000 after acquiring an additional 1,092 shares during the period. Avalon Trust Co acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the first quarter valued at about $38,000. HB Wealth Management LLC increased its stake in shares of Brown Advisory Flexible Equity ETF by 2.4% during the first 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 in the last quarter. Quantinno Capital Management LP increased its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% during the first 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 in the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth about $169,000.

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.