Brookstone Ultra-Short Bond ETF (BATS:BAMU) Short Interest Up 205.9% in August

Brookstone Ultra-Short Bond ETF (BATS:BAMU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,416 shares, an increase of 205.9% from the August 15th total of 3,405 shares. Based on an average daily volume of 9,079 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Brookstone Ultra-Short Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BAMU. JPMorgan Chase & Co. bought a new stake in shares of Brookstone Ultra-Short Bond ETF during the 2nd quarter valued at $118,000. Jane Street Group LLC bought a new stake in shares of Brookstone Ultra-Short Bond ETF in the 2nd quarter worth $328,000. Finally, Citadel Advisors LLC purchased a new position in Brookstone Ultra-Short Bond ETF in the 2nd quarter worth about $528,000.

Brookstone Ultra-Short Bond ETF Price Performance

Shares of BAMU opened at $25.18 on Monday. The stock’s 50-day simple moving average is $25.27 and its 200 day simple moving average is $25.25. Brookstone Ultra-Short Bond ETF has a 52-week low of $25.09 and a 52-week high of $25.42.

Brookstone Ultra-Short Bond ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 28th were issued a $0.1739 dividend. This represents a $0.70 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 28th.

About Brookstone Ultra-Short Bond ETF

The Brookstone Ultra-Short Bond ETF (BAMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US Treasurys and investment grade corporate bonds with maturities between 0-2 years. BAMU was launched on Sep 27, 2023 and is issued by Brookstone.