Main International ETF (BATS:INTL) Stock Price Up 11.3% – Here’s Why

Shares of Main International ETF (BATS:INTL) rose 11.3% during trading on Monday . The stock traded as high as $22.24 and last traded at $24.45. Approximately 5,421 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 17,112 shares. The stock had previously closed at $21.97.

Main International ETF Stock Up 11.3%

The stock has a market capitalization of $111.25 million, a P/E ratio of 15.54 and a beta of -20.27. The firm has a 50-day moving average of $23.25 and a 200 day moving average of $22.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Main International ETF stock. Main Management LLC raised its stake in shares of Main International ETF (BATS:INTL) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,601,738 shares of the company’s stock after acquiring an additional 49,141 shares during the quarter. Main International ETF makes up 6.5% of Main Management LLC’s portfolio, making the stock its 5th largest holding. Main Management LLC owned about 69.26% of Main International ETF worth $79,609,000 as of its most recent filing with the SEC.

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.