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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 13,172 shares, a decrease of 36.3% from the August 15th total of 20,684 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 70,610 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of BAFE. Brown Advisory Inc. lifted its holdings in Brown Advisory Flexible Equity ETF by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after buying an additional 2,093,356 shares during the period. HB Wealth Management LLC grew its holdings in shares of Brown Advisory Flexible Equity ETF by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after acquiring an additional 3,141 shares during the period. Quantinno Capital Management LP raised its position in shares of Brown Advisory Flexible Equity ETF by 3.1% in the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after acquiring an additional 3,803 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth approximately $788,000. Finally, Royal Bank of Canada purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at approximately $169,000.

Brown Advisory Flexible Equity ETF Price Performance

NASDAQ:BAFE opened at $29.48 on Friday. The firm’s fifty day simple moving average is $29.70 and its 200 day simple moving average is $28.33. The stock has a market cap of $1.72 billion, a P/E ratio of 24.62 and a beta of 0.96. Brown Advisory Flexible Equity ETF has a twelve month low of $24.47 and a twelve month high of $30.58.

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.