Brookstone Dividend Stock ETF (BATS:BAMD) Stock Short Interest Rises 394.8%

Brookstone Dividend Stock ETF (BATS:BAMD) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 7,298 shares, an increase of 394.8% from the October 15th total of 1,475 shares. Based on an average daily volume of 8,349 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are short sold.

Brookstone Dividend Stock ETF Stock Performance

Shares of BAMD stock opened at $34.31 on Thursday. The company has a market cap of $104.65 million, a P/E ratio of 13.74 and a beta of 0.68. The stock has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $32.91. Brookstone Dividend Stock ETF has a fifty-two week low of $29.64 and a fifty-two week high of $35.31.

Brookstone Dividend Stock ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 28th were paid a $0.2365 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.95 annualized dividend and a dividend yield of 2.8%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brookstone Dividend Stock ETF stock. FSA Advisors Inc. lifted its holdings in shares of Brookstone Dividend Stock ETF (BATS:BAMD) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,528 shares of the company’s stock after acquiring an additional 585 shares during the quarter. FSA Advisors Inc. owned 0.35% of Brookstone Dividend Stock ETF worth $328,000 at the end of the most recent quarter.

About Brookstone Dividend Stock ETF

The Brookstone Dividend Stock ETF (BAMD) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects income-producing US stocks or ETFs based on external and internal research. It selects both mid- to large-cap securities. BAMD was launched on Sep 28, 2023 and is issued by Brookstone.