Main International ETF (BATS:INTL) Trading Up 8% – Time to Buy?

Main International ETF (BATS:INTL) shares were up 8% during trading on Thursday . The company traded as high as $22.24 and last traded at $23.73. Approximately 5,421 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 15,887 shares. The stock had previously closed at $21.97.

Main International ETF Stock Performance

The stock has a market capitalization of $108.61 million, a P/E ratio of 16.09 and a beta of -14.91. The company’s 50-day moving average price is $22.86 and its 200 day moving average price is $23.01.

Hedge Funds Weigh In On Main International ETF

A hedge fund recently raised its stake in Main International ETF stock. Main Management LLC increased its position in Main International ETF (BATS:INTL) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,601,738 shares of the company’s stock after purchasing an additional 49,141 shares during the quarter. Main International ETF makes up about 6.5% of Main Management LLC’s portfolio, making the stock its 5th biggest position. Main Management LLC owned approximately 69.26% of Main International ETF worth $79,609,000 at the end of the most recent reporting period.

Main International ETF Company Profile

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.