Main International ETF (BATS:INTL) Stock Price Down 1.1% – Here’s What Happened

Main International ETF (BATS:INTL) shares were down 1.1% during trading on Wednesday . The company traded as low as $29.58 and last traded at $29.58. Approximately 20,792 shares changed hands during trading, a decline of 41% from the average daily volume of 34,965 shares. The stock had previously closed at $29.90.

Wall Street Analysts Forecast Growth

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

Main International ETF Price Performance

The company has a market capitalization of $156.40 million, a P/E ratio of 16.04 and a beta of 0.80. The firm has a fifty day moving average price of $29.26 and a 200-day moving average price of $28.76.

Hedge Funds Weigh In On Main International ETF

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

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.