JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,196 shares, a decline of 50.6% from the July 30th total of 6,468 shares. Based on an average trading volume of 3,674 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter worth about $166,000. Cetera Investment Advisers bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at about $205,000. Titleist Asset Management LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the fourth quarter worth about $286,000. Bank of America Corp DE acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth about $303,000. Finally, Hsbc Holdings PLC lifted its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% during the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock worth $2,021,000 after purchasing an additional 4,829 shares during the period.
JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance
BATS:BBEM opened at $77.22 on Friday. The firm’s 50-day moving average is $75.96 and its 200-day moving average is $73.68. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 52-week low of $59.79 and a 52-week high of $82.68.
JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile
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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