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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 7,307 shares, a growth of 703.9% from the April 15th total of 909 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 49,128 shares, the days-to-cover ratio is currently 0.1 days.

Brown Advisory Flexible Equity ETF Stock Performance

BAFE stock opened at $28.34 on Thursday. The company’s 50 day moving average price is $26.64 and its 200 day moving average price is $26.93. Brown Advisory Flexible Equity ETF has a fifty-two week low of $24.47 and a fifty-two week high of $28.62. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 24.62 and a beta of 1.04.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several hedge funds have recently added to or reduced their stakes in BAFE. Brown Advisory Inc. lifted its holdings in shares of Brown Advisory Flexible Equity ETF by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after purchasing an additional 2,093,356 shares during the period. Tred Avon Family Wealth LLC purchased a new stake in Brown Advisory Flexible Equity ETF during the 4th quarter worth about $2,171,000. Jane Street Group LLC purchased a new stake in Brown Advisory Flexible Equity ETF during the 2nd quarter worth about $1,359,000. Quantinno Capital Management LP purchased a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at about $1,208,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Brown Advisory Flexible Equity ETF in the 4th quarter valued at about $203,000.

Brown Advisory Flexible Equity ETF Company Profile

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.