Brandes International ETF (BATS:BINV) Stock Short Interest Declines 61.9%

Brandes International ETF (BATS:BINV) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 14,169 shares, a decline of 61.9% from the September 15th total of 37,164 shares. Based on an average daily trading volume, of 38,273 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Brandes International ETF

An institutional investor recently raised its position in Brandes International ETF stock. Madison Asset Management LLC increased its holdings in Brandes International ETF (BATS:BINV) by 21.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,861 shares of the company’s stock after purchasing an additional 13,911 shares during the quarter. Madison Asset Management LLC owned 1.12% of Brandes International ETF worth $3,251,000 at the end of the most recent reporting period.

Brandes International ETF Stock Performance

Shares of Brandes International ETF stock opened at $43.72 on Wednesday. The firm has a 50-day simple moving average of $44.54 and a two-hundred day simple moving average of $43.38. The company has a market cap of $308.23 million, a P/E ratio of 13.70 and a beta of 0.71. Brandes International ETF has a fifty-two week low of $36.93 and a fifty-two week high of $46.05.

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.