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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 13,172 shares, a drop of 36.3% from the August 15th total of 20,684 shares. Based on an average trading volume of 70,610 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Brown Advisory Flexible Equity ETF

Several institutional investors have recently modified their holdings of BAFE. Avalon Trust Co purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at $38,000. HB Wealth Management LLC lifted its position in 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 valued at $3,332,000 after acquiring an additional 3,141 shares during the last quarter. Quantinno Capital Management LP boosted its stake in 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 valued at $3,220,000 after acquiring an additional 3,803 shares in the last quarter. Royal Bank of Canada acquired a new position in Brown Advisory Flexible Equity ETF in the first quarter valued at $169,000. Finally, Citadel Advisors LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF during the second quarter worth about $788,000.

Brown Advisory Flexible Equity ETF Stock Down 0.1%

BAFE stock opened at $29.46 on Friday. The business has a 50 day moving average price of $29.70 and a 200 day moving average price of $28.34. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. Brown Advisory Flexible Equity ETF has a fifty-two week low of $24.47 and a fifty-two week high of $30.58.

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.