JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,468 shares, a decline of 77.4% from the July 15th total of 28,558 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 50,376 shares, the days-to-cover ratio is currently 0.1 days.
JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance
Shares of BBEM stock opened at $76.41 on Thursday. The business’s 50 day simple moving average is $76.36 and its 200 day simple moving average is $73.06. JPMorgan BetaBuilders Emerging Markets Equity ETF has a one year low of $59.79 and a one year high of $82.68. The stock has a market capitalization of $1.34 billion, a PE ratio of 14.49 and a beta of 0.59.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter worth $166,000. Bank of Nova Scotia acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at $5,837,000. Cetera Investment Advisers bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at $205,000. Hsbc Holdings PLC boosted its position 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 valued at $2,021,000 after acquiring an additional 4,829 shares during the last quarter. Finally, Titleist Asset Management LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter worth about $286,000.
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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