JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Short Interest Update

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 218,053 shares, a growth of 122.1% from the August 31st total of 98,180 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 489,030 shares, the days-to-cover ratio is presently 0.4 days.

JPMorgan BetaBuilders Europe ETF Price Performance

Shares of JPMorgan BetaBuilders Europe ETF stock traded down $0.70 on Tuesday, reaching $76.39. 17,324 shares of the company were exchanged, compared to its average volume of 402,842. JPMorgan BetaBuilders Europe ETF has a 1-year low of $68.24 and a 1-year high of $81.31. The company has a market cap of $5.18 billion, a P/E ratio of 16.78 and a beta of 0.93. The stock’s 50 day moving average price is $79.12 and its 200-day moving average price is $77.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elm Partners Management LLC raised its stake in JPMorgan BetaBuilders Europe ETF by 11.0% in the fourth quarter. Elm Partners Management LLC now owns 556,073 shares of the company’s stock valued at $40,760,000 after buying an additional 55,283 shares in the last quarter. Nolet Wealth Management LLC purchased a new position in shares of JPMorgan BetaBuilders Europe ETF in the 4th quarter valued at about $2,218,000. Evansbrook LLC acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter worth about $2,304,000. Cedarwood Wealth LLC purchased a new stake in JPMorgan BetaBuilders Europe ETF during the fourth quarter worth approximately $511,000. Finally, Citadel Advisors LLC acquired a new position in JPMorgan BetaBuilders Europe ETF in the second quarter valued at approximately $10,340,000.

About JPMorgan BetaBuilders Europe ETF

The JPMorgan BetaBuilders Europe ETF (BBEU) 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 European countries. BBEU was launched on Jun 15, 2018 and is managed by JPMorgan Chase.