Baron First Principles ETF (NYSE:RONB) Shares Shorted: Short Interest Up 132.5% in September

Baron First Principles ETF (NYSE:RONB) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 95,413 shares, an increase of 132.5% from the August 31st total of 41,030 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 128,762 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Baron First Principles ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in Baron First Principles ETF by 156.8% during the second quarter. Envestnet Asset Management Inc. now owns 70,012 shares of the company’s stock worth $1,708,000 after acquiring an additional 42,754 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Baron First Principles ETF in the 2nd quarter valued at about $171,000. Brown Lisle Cummings Inc. bought a new stake in shares of Baron First Principles ETF in the 2nd quarter valued at about $49,000. Allworth Financial LP raised its holdings in shares of Baron First Principles ETF by 95.0% in the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $95,000 after purchasing an additional 1,900 shares during the period. Finally, IFP Advisors Inc lifted its stake in Baron First Principles ETF by 300.0% in the 2nd quarter. IFP Advisors Inc now owns 1,400 shares of the company’s stock valued at $34,000 after purchasing an additional 1,050 shares during the last quarter.

Baron First Principles ETF Trading Up 0.2%

RONB traded up $0.04 on Friday, hitting $23.48. 78,056 shares of the company were exchanged, compared to its average volume of 482,199. Baron First Principles ETF has a 12 month low of $20.78 and a 12 month high of $26.73.

Baron First Principles ETF (NYSE: RONB) is an actively managed exchange-traded fund advised by Baron Capital, an investment management firm known for a long-term, research-driven approach to equity investing. The fund seeks long-term capital appreciation by investing primarily in companies that its managers believe have durable competitive advantages, strong growth prospects and capable leadership teams.

The fund applies a “first principles” investment framework, emphasizing fundamental research into a company’s business model, industry position, innovation potential and ability to create value over time.