Brookstone Ultra-Short Bond ETF (BATS:BAMU – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,405 shares, a drop of 37.0% from the July 30th total of 5,405 shares. Based on an average daily volume of 5,502 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BAMU. JPMorgan Chase & Co. bought a new stake in Brookstone Ultra-Short Bond ETF during the second quarter worth about $118,000. AlphaStar Capital Management LLC acquired a new stake in Brookstone Ultra-Short Bond ETF in the fourth quarter valued at $264,000. Finally, Jane Street Group LLC bought a new position in Brookstone Ultra-Short Bond ETF during the 2nd quarter worth $328,000.
Brookstone Ultra-Short Bond ETF Trading Up 0.0%
Shares of BAMU stock opened at $25.18 on Wednesday. The stock has a 50 day simple moving average of $25.28 and a 200 day simple moving average of $25.25. Brookstone Ultra-Short Bond ETF has a 1 year low of $25.09 and a 1 year high of $25.42.
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.
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