Main International ETF (BATS:INTL) Stock Price Up 16.4% – Should You Buy?

Main International ETF (BATS:INTL) shares were up 16.4% during trading on Thursday . The stock traded as high as $22.24 and last traded at $25.57. Approximately 5,421 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 17,077 shares. The stock had previously closed at $21.97.

Main International ETF Price Performance

The business has a fifty day moving average price of $24.62 and a 200 day moving average price of $23.47. The company has a market capitalization of $116.32 million, a price-to-earnings ratio of 16.04 and a beta of -20.13.

Institutional Investors Weigh In On Main International ETF

An institutional investor recently raised its position in Main International ETF stock. Main Management LLC raised its stake 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 and Exchange Commission (SEC). The fund owned 3,601,738 shares of the company’s stock after purchasing an additional 49,141 shares during the period. Main International ETF accounts for approximately 6.5% of Main Management LLC’s investment portfolio, making the stock its 5th biggest position. Main Management LLC owned approximately 69.26% of Main International ETF worth $79,609,000 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.