Brandes U.S. Value ETF (BATS:BUSA) Sees Significant Decrease in Short Interest

Brandes U.S. Value ETF (BATS:BUSA) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,104 shares, a decrease of 50.6% from the May 14th total of 16,404 shares. Based on an average daily volume of 19,355 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Brandes U.S. Value ETF Price Performance

BUSA stock opened at $40.12 on Friday. Brandes U.S. Value ETF has a 1-year low of $32.54 and a 1-year high of $40.19. The company has a market capitalization of $277.63 million, a price-to-earnings ratio of 15.10 and a beta of 0.74. The business has a 50 day simple moving average of $38.67 and a two-hundred day simple moving average of $37.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brandes U.S. Value ETF stock. JPMorgan Chase & Co. bought a new stake in shares of Brandes U.S. Value ETF (BATS:BUSA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 995 shares of the company’s stock, valued at approximately $35,000.

Brandes U.S. Value ETF Company Profile

The Brandes U.S. Value ETF (BUSA) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies whose business activities are predominantly in the US. The fund seeks securities that are perceived to be trading at a discount to their intrinsic value BUSA was launched on Oct 3, 2023 and is issued by Brandes.