Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Significant Increase in Short Interest

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 41,044 shares, a growth of 188.1% from the July 15th total of 14,248 shares. Based on an average daily volume of 15,647 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.4% of the company’s stock are sold short.

Burney U.S. Factor Rotation ETF Trading Up 0.6%

NASDAQ:BRNY traded up $0.33 during trading hours on Friday, hitting $59.97. The company’s stock had a trading volume of 21,561 shares, compared to its average volume of 22,166. Burney U.S. Factor Rotation ETF has a 52-week low of $45.46 and a 52-week high of $60.07. The stock has a market capitalization of $666.87 million, a P/E ratio of 22.00 and a beta of 1.03. The stock has a fifty day moving average of $57.96 and a 200-day moving average of $54.07.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.