JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Sees Significant Growth in Short Interest

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUSGet Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 472,859 shares, a growth of 3,130.6% from the May 14th total of 14,637 shares. Based on an average daily volume of 437,303 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the shares of the stock are sold short.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

BATS BBUS opened at $130.77 on Thursday. JPMorgan BetaBuilders U.S. Equity ETF has a 1 year low of $107.50 and a 1 year high of $137.20. The stock has a market capitalization of $5.86 billion, a PE ratio of 25.39 and a beta of 1.02. The company’s 50 day simple moving average is $129.50 and its two-hundred day simple moving average is $125.28.

Institutional Trading of JPMorgan BetaBuilders U.S. Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 2nd quarter worth approximately $32,000. US Bancorp DE purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 3rd quarter worth approximately $43,000. NewEdge Advisors LLC lifted its stake in JPMorgan BetaBuilders U.S. Equity ETF by 462.8% in the 1st quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock worth $44,000 after purchasing an additional 361 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth approximately $49,000.

About JPMorgan BetaBuilders U.S. Equity ETF

(Get Free Report)

The JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market cap. BBUS was launched on Mar 12, 2019 and is managed by JPMorgan Chase.

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