Brookstone Ultra-Short Bond ETF (BATS:BAMU) Sees Significant Growth in Short Interest

Brookstone Ultra-Short Bond ETF (BATS:BAMU) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,405 shares, a growth of 394.5% from the July 15th total of 1,093 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,940 shares, the days-to-cover ratio is currently 0.6 days.

Brookstone Ultra-Short Bond ETF Trading Up 0.0%

Shares of BATS BAMU opened at $25.33 on Friday. The firm’s 50-day moving average price is $25.25 and its 200-day moving average price is $25.25. Brookstone Ultra-Short Bond ETF has a 1-year low of $25.09 and a 1-year high of $25.44.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Brookstone Ultra-Short Bond ETF in the second quarter worth approximately $118,000. AlphaStar Capital Management LLC bought a new stake in shares of Brookstone Ultra-Short Bond ETF during the fourth quarter valued at approximately $264,000. Finally, Jane Street Group LLC acquired a new position in shares of Brookstone Ultra-Short Bond ETF during the second quarter worth approximately $328,000.

About Brookstone Ultra-Short Bond ETF

The Brookstone Ultra-Short Bond ETF (BAMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to US Treasurys and investment grade corporate bonds with maturities between 0-2 years. BAMU was launched on Sep 27, 2023 and is issued by Brookstone.