JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,247 shares, a growth of 119.2% from the September 30th total of 1,025 shares. Based on an average daily volume of 6,767 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.
Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter worth approximately $2,127,000. Royal Bank of Canada acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter valued at approximately $166,000. Bank of Nova Scotia acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter valued at approximately $5,837,000. Cetera Investment Advisers acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter valued at approximately $205,000. Finally, Hsbc Holdings PLC raised its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock worth $2,021,000 after buying an additional 4,829 shares during the last quarter.
JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance
BATS:BBEM opened at $70.16 on Friday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a fifty-two week low of $62.52 and a fifty-two week high of $82.68. The firm has a market cap of $1.23 billion, a P/E ratio of 14.49 and a beta of 0.59. The firm has a 50-day simple moving average of $75.84 and a two-hundred day simple moving average of $73.63.
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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