JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sees Large Decline in Short Interest

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEMGet Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,196 shares, a drop of 50.6% from the July 30th total of 6,468 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,674 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth approximately $166,000. Cetera Investment Advisers bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at approximately $205,000. Titleist Asset Management LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter valued at approximately $286,000. Bank of America Corp DE acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at approximately $303,000. Finally, Hsbc Holdings PLC raised its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after purchasing an additional 6,140 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

Shares of BATS BBEM opened at $77.22 on Monday. The stock has a market cap of $1.36 billion, a P/E ratio of 14.49 and a beta of 0.59. The firm’s 50-day simple moving average is $75.96 and its 200 day simple moving average is $73.71. JPMorgan BetaBuilders Emerging Markets Equity ETF has a fifty-two week low of $59.79 and a fifty-two week high of $82.68.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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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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