Baron First Principles ETF (NYSE:RONB) Shares Shorted: Short Interest Up 132.5% in September

Baron First Principles ETF (NYSE:RONB) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 95,413 shares, a growth of 132.5% from the August 31st total of 41,030 shares. Based on an average daily volume of 128,762 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Trading of Baron First Principles ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Baron First Principles ETF by 156.8% in the second quarter. Envestnet Asset Management Inc. now owns 70,012 shares of the company’s stock valued at $1,708,000 after acquiring an additional 42,754 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Baron First Principles ETF during the second quarter worth $171,000. Allworth Financial LP increased its stake in Baron First Principles ETF by 95.0% during the second quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock worth $95,000 after acquiring an additional 1,900 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in Baron First Principles ETF in the second quarter valued at $49,000. Finally, IFP Advisors Inc raised its position in Baron First Principles ETF by 300.0% in the second quarter. IFP Advisors Inc now owns 1,400 shares of the company’s stock valued at $34,000 after purchasing an additional 1,050 shares during the period.

Baron First Principles ETF Stock Performance

Shares of RONB stock traded down $0.32 during trading hours on Monday, reaching $23.15. The company had a trading volume of 270,655 shares, compared to its average volume of 481,055. Baron First Principles ETF has a 12-month low of $20.78 and a 12-month high of $26.73.

Baron First Principles ETF (NYSE: RONB) is an actively managed exchange-traded fund advised by Baron Capital, an investment management firm known for a long-term, research-driven approach to equity investing. The fund seeks long-term capital appreciation by investing primarily in companies that its managers believe have durable competitive advantages, strong growth prospects and capable leadership teams.

The fund applies a “first principles” investment framework, emphasizing fundamental research into a company’s business model, industry position, innovation potential and ability to create value over time.