Short Interest in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Grows By 77.4%

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 246,846 shares, an increase of 77.4% from the June 15th total of 139,114 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 235,499 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock worth $4,713,655,000 after acquiring an additional 2,271,983 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the fourth quarter worth about $9,936,000. Financial Management Professionals Inc. acquired a new stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the second quarter worth about $9,298,000. Brown Brothers Harriman & Co. boosted its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 3.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,548 shares of the company’s stock valued at $369,000 after purchasing an additional 218 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the 2nd quarter valued at about $291,000.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Stock Down 0.6%

Shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF stock opened at $62.07 on Friday. The firm has a market capitalization of $5.95 billion, a P/E ratio of 17.74 and a beta of 0.87. JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF has a 52 week low of $53.84 and a 52 week high of $64.31. The firm’s 50 day moving average is $61.06 and its two-hundred day moving average is $60.80.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.