JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 64,532 shares, a growth of 86.4% from the July 15th total of 34,624 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 41,685 shares, the days-to-cover ratio is presently 1.5 days.
JPMorgan BetaBuilders MSCI US REIT ETF Trading Down 0.6%
BBRE stock opened at $108.06 on Tuesday. The firm has a market cap of $1.05 billion, a PE ratio of 34.86 and a beta of 1.02. The stock has a 50-day moving average price of $108.69 and a 200-day moving average price of $103.60. JPMorgan BetaBuilders MSCI US REIT ETF has a 1-year low of $91.07 and a 1-year high of $113.40.
Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF
Several large investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC lifted its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% in the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock valued at $26,993,000 after buying an additional 250,816 shares during the period. Fifth Third Bancorp grew its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% during the 1st quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after buying an additional 767 shares during the period. Alaska Wealth Advisors LLC grew its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.6% during the 1st quarter. Alaska Wealth Advisors LLC now owns 286,209 shares of the company’s stock worth $27,387,000 after buying an additional 10,075 shares during the period. Alaska Permanent Capital Management LLC increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the 1st quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock valued at $48,525,000 after acquiring an additional 13,150 shares in the last quarter. Finally, Compound Planning Inc. increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 16.1% in the 4th quarter. Compound Planning Inc. now owns 4,294 shares of the company’s stock valued at $398,000 after acquiring an additional 596 shares in the last quarter.
About JPMorgan BetaBuilders MSCI US REIT ETF
The JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) is an exchange-traded fund that is based on the MSCI US REIT Custom Capped index, a market-cap-weighted index of small-, mid-, and large-cap companies involved in the ownership or management of US real estate. BBRE was launched on Jun 15, 2018 and is managed by JPMorgan Chase.
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