Main International ETF (BATS:INTL) Shares Up 21% – What’s Next?

Main International ETF (BATS:INTL) shares shot up 21% during trading on Tuesday . The stock traded as high as $22.24 and last traded at $26.59. 5,421 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 17,059 shares. The stock had previously closed at $21.97.

Main International ETF Price Performance

The firm’s fifty day simple moving average is $26.15 and its 200 day simple moving average is $24.66. The company has a market capitalization of $137.23 million, a price-to-earnings ratio of 16.04 and a beta of 0.80.

Institutional Trading of Main International ETF

A hedge fund recently raised its stake in Main International ETF stock. Main Management LLC increased its stake in shares of Main International ETF (BATS:INTL) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,633,161 shares of the company’s stock after purchasing an additional 12,549 shares during the quarter. Main International ETF makes up approximately 7.4% of Main Management LLC’s portfolio, making the stock its 4th largest position. Main Management LLC owned about 70.41% of Main International ETF worth $93,659,000 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.