Main International ETF (BATS:INTL) Short Interest Down 35.3% in April

Main International ETF (BATS:INTL) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 41,753 shares, a decrease of 35.3% from the April 15th total of 64,525 shares. Based on an average daily trading volume, of 21,313 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Main International ETF

A hedge fund recently raised its stake in Main International ETF stock. Main Management LLC raised its stake in Main International ETF (BATS:INTL) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,735,118 shares of the company’s stock after acquiring an additional 89,077 shares during the period. Main International ETF makes up about 7.5% of Main Management LLC’s portfolio, making the stock its 6th biggest holding. Main Management LLC owned approximately 72.39% of Main International ETF worth $104,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Main International ETF Stock Performance

Shares of INTL opened at $30.06 on Monday. Main International ETF has a 12 month low of $24.63 and a 12 month high of $31.27. The firm’s 50 day moving average is $29.35 and its 200-day moving average is $28.95. The stock has a market capitalization of $155.11 million, a PE ratio of 16.04 and a beta of 0.80.

Wall Street Analyst Weigh In

Separately, Tigress Financial raised their price objective on shares of Main International ETF from $52.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th.

About Main International ETF

The Main International ETF (INTL) is an exchange-traded fund that mostly invests in total market equity. The fund is a fund-of-funds containing non-US equity exposure. The fund is actively managed, seeking long term capital appreciation through equity exposure and covered option writing strategies. INTL was launched on Dec 1, 2022 and is managed by Main Funds.