Short Interest in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Drops By 64.4%

Burney U.S. Factor Rotation ETF (NASDAQ:BRNYGet Free Report) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 8,418 shares, a decline of 64.4% from the January 15th total of 23,677 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 27,073 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 27,073 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new position in Burney U.S. Factor Rotation ETF (NASDAQ:BRNYFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned 0.06% of Burney U.S. Factor Rotation ETF at the end of the most recent quarter.

Burney U.S. Factor Rotation ETF Stock Performance

Shares of Burney U.S. Factor Rotation ETF stock traded down $0.71 during trading on Thursday, hitting $50.19. 4,377 shares of the stock were exchanged, compared to its average volume of 20,397. The stock has a market cap of $586.66 million, a PE ratio of 22.00 and a beta of 1.08. The stock’s fifty day moving average is $50.89 and its 200 day moving average is $48.79. Burney U.S. Factor Rotation ETF has a 12 month low of $34.29 and a 12 month high of $52.14.

Burney U.S. Factor Rotation ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a $0.052 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Burney U.S. Factor Rotation ETF’s previous quarterly dividend of $0.02.

About Burney U.S. Factor Rotation ETF

(Get Free Report)

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.

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