Brandes International ETF (BATS:BINV) Sees Significant Growth in Short Interest

Brandes International ETF (BATS:BINV) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 86,649 shares, a growth of 75.3% from the May 31st total of 49,425 shares. Based on an average daily trading volume, of 51,362 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Brandes International ETF

An institutional investor recently raised its position in Brandes International ETF stock. Madison Asset Management LLC grew its position in shares of Brandes International ETF (BATS:BINV) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,861 shares of the company’s stock after buying an additional 13,911 shares during the quarter. Madison Asset Management LLC owned 1.12% of Brandes International ETF worth $3,251,000 as of its most recent filing with the SEC.

Brandes International ETF Trading Down 0.2%

Brandes International ETF stock opened at $41.89 on Thursday. The stock has a 50 day moving average of $42.61 and a two-hundred day moving average of $42.14. Brandes International ETF has a twelve month low of $35.53 and a twelve month high of $45.77. The stock has a market capitalization of $295.32 million, a price-to-earnings ratio of 13.70 and a beta of 0.71.

About Brandes International ETF

The Brandes International ETF (BINV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies who perform their business activities outside the US. The fund seeks securities that are perceived to be undervalued BINV was launched on Oct 3, 2023 and is issued by Brandes.