JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Decline in Short Interest

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 200 shares, a drop of 33.3% from the May 15th total of 300 shares. Based on an average daily volume of 82,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Performance

Shares of NYSEARCA BBMC traded down $0.14 during trading on Tuesday, reaching $95.14. The stock had a trading volume of 1,668 shares, compared to its average volume of 56,123. The stock has a market cap of $1.85 billion, a PE ratio of 18.19 and a beta of 1.11. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a one year low of $77.29 and a one year high of $105.68. The firm’s 50 day moving average price is $90.88 and its two-hundred day moving average price is $94.56.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mattson Financial Services LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $37,000. Global Retirement Partners LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after buying an additional 472 shares during the period. IFP Advisors Inc raised its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% during the fourth quarter. IFP Advisors Inc now owns 729 shares of the company’s stock valued at $70,000 after acquiring an additional 163 shares during the period. Farther Finance Advisors LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock valued at $91,000 after acquiring an additional 556 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth approximately $98,000.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.