Main International ETF (BATS:INTL) Sees Large Growth in Short Interest

Main International ETF (BATS:INTL) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 22,128 shares, an increase of 142.4% from the May 31st total of 9,127 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,698 shares, the days-to-cover ratio is currently 0.8 days.

Main International ETF Stock Performance

BATS:INTL opened at $30.27 on Monday. Main International ETF has a fifty-two week low of $25.34 and a fifty-two week high of $32.34. The company has a fifty day moving average of $30.62 and a two-hundred day moving average of $29.55. The stock has a market capitalization of $156.19 million, a PE ratio of 16.04 and a beta of 0.80.

Institutional Investors Weigh In On Main International ETF

A hedge fund recently raised its position in Main International ETF stock. Main Management LLC raised its holdings in Main International ETF (BATS:INTL) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,735,118 shares of the company’s stock after acquiring an additional 89,077 shares during the period. Main International ETF makes up approximately 7.5% of Main Management LLC’s investment portfolio, making the stock its 6th largest position. Main Management LLC owned about 72.39% of Main International ETF worth $104,247,000 as of its most recent SEC filing.

About Main International ETF

The Main International ETF (INTL) is an exchange-traded fund that mostly invests in total market equity. The fund is a fund-of-funds containing non-US equity exposure. The fund is actively managed, seeking long term capital appreciation through equity exposure and covered option writing strategies. INTL was launched on Dec 1, 2022 and is managed by Main Funds.