Short Interest in JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Drops By 33.9%

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 208,665 shares, a drop of 33.9% from the April 15th total of 315,458 shares. Based on an average daily volume of 205,283 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in JPMorgan BetaBuilders International Equity ETF by 9.8% during the 4th quarter. Assetmark Inc. now owns 457,852 shares of the company’s stock worth $33,112,000 after purchasing an additional 40,956 shares during the last quarter. Alpha Advisors LLC VA raised its holdings in JPMorgan BetaBuilders International Equity ETF by 13.3% during the 3rd quarter. Alpha Advisors LLC VA now owns 86,477 shares of the company’s stock worth $6,065,000 after purchasing an additional 10,138 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in shares of JPMorgan BetaBuilders International Equity ETF by 7.4% in the 3rd quarter. Pallas Capital Advisors LLC now owns 439,015 shares of the company’s stock valued at $30,788,000 after acquiring an additional 30,314 shares in the last quarter. Kelly Financial Group LLC increased its stake in shares of JPMorgan BetaBuilders International Equity ETF by 2.8% in the 4th quarter. Kelly Financial Group LLC now owns 541,542 shares of the company’s stock valued at $39,164,000 after acquiring an additional 14,847 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of JPMorgan BetaBuilders International Equity ETF by 12.6% in the 3rd quarter. Advisory Services Network LLC now owns 210,497 shares of the company’s stock valued at $14,762,000 after acquiring an additional 23,578 shares in the last quarter.

JPMorgan BetaBuilders International Equity ETF Stock Performance

JPMorgan BetaBuilders International Equity ETF stock opened at $76.66 on Wednesday. JPMorgan BetaBuilders International Equity ETF has a 52-week low of $65.51 and a 52-week high of $80.17. The firm has a 50 day moving average price of $75.45 and a two-hundred day moving average price of $74.68. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 16.24 and a beta of 0.84.

JPMorgan BetaBuilders International Equity ETF Company Profile

The JPMorgan BetaBuilders International Equity ETF (BBIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed countries ex-North America index of large- and mid-cap equities that are selected and weighted by market cap. BBIN was launched on Dec 5, 2019 and is managed by JPMorgan Chase.