JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Sees Significant Increase in Short Interest

JPMorgan BetaBuilders Japan ETF (BATS:BBJP – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,145,231 shares, a growth of 550.9% from the September 30th total of 175,934 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 1,522,648 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On JPMorgan BetaBuilders Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Noble Wealth Partners LLC purchased a new position in JPMorgan BetaBuilders Japan ETF during the second quarter worth approximately $1,412,000. Stephens Inc. AR grew its holdings in JPMorgan BetaBuilders Japan ETF by 178.4% in the first quarter. Stephens Inc. AR now owns 12,733 shares of the company’s stock valued at $877,000 after purchasing an additional 8,159 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in JPMorgan BetaBuilders Japan ETF in the first quarter valued at approximately $1,516,000. Birch Hill Investment Advisors LLC acquired a new stake in JPMorgan BetaBuilders Japan ETF in the third quarter valued at approximately $17,352,000. Finally, Fifth Third Bancorp purchased a new stake in shares of JPMorgan BetaBuilders Japan ETF in the first quarter valued at approximately $2,595,000.

JPMorgan BetaBuilders Japan ETF Price Performance

BBJP opened at $76.97 on Wednesday. The stock’s 50 day simple moving average is $77.93 and its 200 day simple moving average is $74.29. JPMorgan BetaBuilders Japan ETF has a 1 year low of $65.72 and a 1 year high of $80.52. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65.

JPMorgan BetaBuilders Japan ETF Company Profile

(Get Free Report)

The JPMorgan BetaBuilders Japan ETF (BBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of Japanese large- and mid-cap stocks. BBJP was launched on Jun 15, 2018 and is managed by JPMorgan Chase.

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