Brandes International ETF (BATS:BINV) Shares Shorted: Short Interest Up 88.3% in October

Brandes International ETF (BATS:BINV) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 36,282 shares, an increase of 88.3% from the October 15th total of 19,267 shares. Based on an average trading volume of 28,991 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are sold short.

Brandes International ETF Trading Up 0.5%

Shares of BINV traded up $0.25 during mid-day trading on Friday, hitting $45.99. The company’s stock had a trading volume of 45,916 shares, compared to its average volume of 48,043. The firm has a market capitalization of $324.23 million, a price-to-earnings ratio of 13.70 and a beta of 0.71. Brandes International ETF has a 52-week low of $37.99 and a 52-week high of $47.31. The company’s 50-day moving average is $44.35 and its 200-day moving average is $43.44.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brandes International ETF stock. Farther Finance Advisors LLC raised its holdings in shares of Brandes International ETF (BATS:BINV) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,026 shares of the company’s stock after purchasing an additional 3,495 shares during the period. Farther Finance Advisors LLC owned 1.50% of Brandes International ETF worth $4,568,000 at the end of the most recent quarter.

Brandes International ETF Company Profile

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.