JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Sees Large Decrease in Short Interest

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 139,114 shares, a drop of 37.4% from the May 31st total of 222,114 shares. Based on an average trading volume of 285,467 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 109.6% during the first quarter. NewEdge Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Bayban purchased a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the fourth quarter worth about $210,000. Atlas Capital Advisors Inc. acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the fourth quarter worth about $9,936,000. JPMorgan Chase & Co. grew its stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock valued at $4,713,655,000 after acquiring an additional 2,271,983 shares in the last quarter. Finally, BOKF NA purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 4th quarter valued at about $41,000.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Stock Performance

Shares of BATS BBAX opened at $59.37 on Thursday. The firm has a market cap of $5.69 billion, a PE ratio of 17.74 and a beta of 0.87. The firm has a fifty day moving average of $61.22 and a 200 day moving average of $60.46. JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF has a one year low of $53.84 and a one year high of $64.31.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.