Main International ETF (BATS:INTL) Shares Up 0.6% – Here’s Why

Main International ETF (BATS:INTL)’s stock price shot up 0.6% during trading on Wednesday . The stock traded as high as $30.38 and last traded at $30.25. 49,110 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 38,032 shares. The stock had previously closed at $30.06.

Wall Street Analysts Forecast Growth

Separately, Tigress Financial increased their target price on Main International ETF from $52.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th.

Main International ETF Stock Up 0.6%

The stock has a 50 day moving average of $28.95 and a 200 day moving average of $28.02. The firm has a market capitalization of $156.09 million, a price-to-earnings ratio of 16.04 and a beta of 0.80.

Main International ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Tuesday, December 23rd were issued a $0.7176 dividend. This represents a yield of 515.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Main International ETF stock. Main Management LLC boosted its holdings in Main International ETF (BATS:INTL) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,735,118 shares of the company’s stock after acquiring an additional 89,077 shares during the period. Main International ETF comprises about 7.5% of Main Management LLC’s investment portfolio, making the stock its 6th biggest holding. Main Management LLC owned about 72.39% of Main International ETF worth $104,247,000 as of its most recent filing with the Securities & Exchange Commission.

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.