JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 6,468 shares, a decline of 77.4% from the July 15th total of 28,558 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 50,376 shares, the days-to-cover ratio is currently 0.1 days.
JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 1.4%
BBEM opened at $76.41 on Thursday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 1-year low of $59.79 and a 1-year high of $82.68. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The company’s fifty day moving average price is $76.36 and its two-hundred day moving average price is $73.06.
Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF
A number of institutional investors and hedge funds have recently made changes to their positions in BBEM. Royal Bank of Canada acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter valued at about $166,000. Cetera Investment Advisers bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter worth approximately $205,000. Titleist Asset Management LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the fourth quarter worth approximately $286,000. Bank of America Corp DE purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth approximately $303,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock valued at $2,021,000 after purchasing an additional 4,829 shares in the last quarter.
About JPMorgan BetaBuilders Emerging Markets Equity ETF
The JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-capitalization companies in emerging markets. BBEM was launched on May 10, 2023 and is managed by JPMorgan Chase.
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