Short Interest in Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Declines By 80.3%

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 5,504 shares, a drop of 80.3% from the May 31st total of 27,959 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 104,457 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in Brown Advisory Flexible Equity ETF in the 1st quarter valued at $169,000. Quantinno Capital Management LP boosted its position in shares of Brown Advisory Flexible Equity ETF by 3.1% in the first quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after buying an additional 3,803 shares during the period. Avalon Trust Co purchased a new stake in shares of Brown Advisory Flexible Equity ETF in the first quarter worth about $38,000. HB Wealth Management LLC boosted its position in shares of Brown Advisory Flexible Equity ETF by 2.4% in the first quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after buying an additional 3,141 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Brown Advisory Flexible Equity ETF by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock valued at $1,490,038,000 after buying an additional 2,093,356 shares in the last quarter.

Brown Advisory Flexible Equity ETF Stock Performance

Shares of BAFE opened at $28.42 on Friday. The stock has a fifty day moving average of $28.41 and a two-hundred day moving average of $27.35. The company has a market capitalization of $1.63 billion, a PE ratio of 24.62 and a beta of 1.00. Brown Advisory Flexible Equity ETF has a fifty-two week low of $24.47 and a fifty-two week high of $29.29.

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.