Short Interest in Main International ETF (BATS:INTL) Declines By 35.3%

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

Hedge Funds Weigh In On Main International ETF

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

Analysts Set New Price Targets

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

Main International ETF Stock Performance

Shares of BATS 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 stock has a 50 day moving average of $29.35 and a 200-day moving average of $28.95. The company has a market capitalization of $155.11 million, a P/E ratio of 16.04 and a beta of 0.80.

Main International ETF Company Profile

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.