JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sees Significant Drop in Short Interest

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEMGet Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,713 shares, a decrease of 46.4% from the August 15th total of 3,196 shares. Based on an average daily trading volume, of 64,835 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $166,000. Cetera Investment Advisers bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter worth $205,000. Hsbc Holdings PLC raised its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after buying an additional 6,140 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the second quarter worth $2,127,000. Finally, Bank of Nova Scotia purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter worth $5,837,000.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Down 2.5%

BBEM stock opened at $76.11 on Tuesday. The firm has a 50 day moving average of $75.95 and a 200-day moving average of $74.24. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 12 month low of $61.87 and a 12 month high of $82.68. The firm has a market capitalization of $1.34 billion, a P/E ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

(Get Free Report)

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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