Main International ETF (BATS:INTL) Trading Up 32.1% – Still a Buy?

Main International ETF (BATS:INTL) was up 32.1% during mid-day trading on Tuesday . The stock traded as high as $22.24 and last traded at $29.03. Approximately 5,421 shares were traded during trading, a decline of 68% from the average daily volume of 17,059 shares. The stock had previously closed at $21.9723.

Main International ETF Price Performance

The firm’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $27.35. The stock has a market cap of $149.79 million, a price-to-earnings ratio of 16.04 and a beta of 0.80.

Main International ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.7176 per share. The ex-dividend date was Tuesday, December 23rd. This represents a dividend yield of 515.0%.

Institutional Inflows and Outflows

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

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.