Brandes U.S. Value ETF (BATS:BUSA) Stock Short Interest Declines 56.0%

Brandes U.S. Value ETF (BATS:BUSA) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 6,026 shares, a drop of 56.0% from the September 30th total of 13,686 shares. Based on an average trading volume of 20,457 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brandes U.S. Value ETF stock. Wedbush Securities Inc. bought a new position in shares of Brandes U.S. Value ETF (BATS:BUSA) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 11,550 shares of the company’s stock, valued at approximately $453,000. Wedbush Securities Inc. owned 0.17% of Brandes U.S. Value ETF as of its most recent filing with the SEC.

Brandes U.S. Value ETF Price Performance

Shares of BATS:BUSA opened at $42.28 on Friday. The firm has a market capitalization of $292.58 million, a P/E ratio of 15.10 and a beta of 0.74. The company’s fifty day moving average price is $41.11 and its 200 day moving average price is $39.56. Brandes U.S. Value ETF has a 12 month low of $34.20 and a 12 month high of $42.74.

About Brandes U.S. Value ETF

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.