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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 33,543 shares, a growth of 84.5% from the September 30th total of 18,180 shares. Based on an average daily volume of 44,021 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Avalon Trust Co acquired a new position in shares of Brown Advisory Flexible Equity ETF during the first quarter worth about $38,000. Royal Bank of Canada acquired a new stake in Brown Advisory Flexible Equity ETF during the 1st quarter worth approximately $169,000. Citadel Advisors LLC bought a new position in Brown Advisory Flexible Equity ETF during the second quarter worth about $788,000. Quantinno Capital Management LP grew its position in 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 buying an additional 3,803 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in 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 during the period.

Brown Advisory Flexible Equity ETF Price Performance

Shares of BAFE stock opened at $29.69 on Friday. The stock’s fifty day simple moving average is $29.92 and its 200 day simple moving average is $28.40. Brown Advisory Flexible Equity ETF has a one year low of $24.47 and a one year high of $30.58. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96.

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.