JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sees Large Growth in Short Interest

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,247 shares, an increase of 119.2% from the September 30th total of 1,025 shares. Based on an average daily trading volume, of 6,767 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Down 2.5%

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF stock opened at $70.16 on Friday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 12-month low of $62.52 and a 12-month high of $82.68. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The company’s 50-day moving average price is $75.84 and its 200-day moving average price is $73.63.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at about $5,837,000. Citadel Advisors LLC bought a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter valued at about $2,127,000. Hsbc Holdings PLC grew its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% during the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock worth $2,021,000 after purchasing an additional 4,829 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter worth about $205,000. Finally, Royal Bank of Canada bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter worth approximately $166,000.

About JPMorgan BetaBuilders Emerging Markets Equity ETF

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.