JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Sees Significant Increase in Short Interest

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 116,679 shares, an increase of 87.5% from the September 30th total of 62,239 shares. Based on an average daily volume of 229,874 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

JPMorgan BetaBuilders U.S. Equity ETF stock opened at $136.12 on Monday. JPMorgan BetaBuilders U.S. Equity ETF has a 1-year low of $113.43 and a 1-year high of $141.25. The firm’s fifty day simple moving average is $138.52 and its 200-day simple moving average is $131.40. The company has a market capitalization of $6.10 billion, a P/E ratio of 25.39 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Several institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the second quarter valued at about $7,949,000. RPg Family Wealth Advisory LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter worth about $8,933,000. Hopwood Nicholas Hunter bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter valued at approximately $17,534,000. Citadel Advisors LLC bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter valued at approximately $5,569,000. Finally, Oarsman Capital Inc. acquired a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 2nd quarter valued at approximately $1,011,000.

About JPMorgan BetaBuilders U.S. Equity ETF

The JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market cap. BBUS was launched on Mar 12, 2019 and is managed by JPMorgan Chase.