Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Significant Increase in Short Interest

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 18,300 shares, an increase of 103.3% from the March 15th total of 9,000 shares. Based on an average trading volume of 26,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Burney U.S. Factor Rotation ETF Price Performance

Shares of BRNY stock traded up $0.03 during midday trading on Thursday, hitting $37.72. The company had a trading volume of 5,136 shares, compared to its average volume of 15,710. The stock has a market cap of $308.55 million, a price-to-earnings ratio of 20.42 and a beta of 1.16. The company’s 50 day simple moving average is $40.52 and its 200 day simple moving average is $41.50. Burney U.S. Factor Rotation ETF has a 52-week low of $34.29 and a 52-week high of $44.72.

Burney U.S. Factor Rotation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 13th were paid a $0.0138 dividend. This is a boost from Burney U.S. Factor Rotation ETF’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.15%. The ex-dividend date was Thursday, March 13th.

Institutional Trading of Burney U.S. Factor Rotation ETF

An institutional investor recently raised its position in Burney U.S. Factor Rotation ETF stock. Coppell Advisory Solutions LLC increased its position in shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) by 661.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,576 shares of the company’s stock after purchasing an additional 88,232 shares during the period. Burney U.S. Factor Rotation ETF makes up approximately 0.6% of Coppell Advisory Solutions LLC’s portfolio, making the stock its 29th largest position. Coppell Advisory Solutions LLC owned about 1.20% of Burney U.S. Factor Rotation ETF worth $4,266,000 at the end of the most recent quarter.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach.