Short Interest in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Drops By 45.1%

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 11,925 shares, a decline of 45.1% from the April 15th total of 21,707 shares. Based on an average daily volume of 16,122 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Burney U.S. Factor Rotation ETF Stock Up 0.1%

Burney U.S. Factor Rotation ETF stock traded up $0.08 during midday trading on Monday, hitting $54.85. 1,275 shares of the stock were exchanged, compared to its average volume of 21,665. Burney U.S. Factor Rotation ETF has a 52-week low of $42.40 and a 52-week high of $56.00. The stock has a market capitalization of $535.88 million, a price-to-earnings ratio of 22.00 and a beta of 1.04. The business’s 50-day moving average price is $51.42 and its 200-day moving average price is $50.61.

Burney U.S. Factor Rotation ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were issued a dividend of $0.0492 per share. The ex-dividend date was Monday, March 30th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new stake in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned about 0.06% of Burney U.S. Factor Rotation ETF as of its most recent SEC filing.

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. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.