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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,090 shares, a decrease of 51.5% from the October 15th total of 2,247 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 72,409 shares, the short-interest ratio is presently 0.0 days.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

Shares of BBEM stock traded down $0.33 during mid-day trading on Friday, hitting $69.98. 1,351 shares of the stock traded hands, compared to its average volume of 37,790. JPMorgan BetaBuilders Emerging Markets Equity ETF has a twelve month low of $62.52 and a twelve month high of $82.68. The company’s 50-day simple moving average is $74.40 and its 200-day simple moving average is $73.73. The firm has a market cap of $853.76 million, a price-to-earnings ratio of 11.79 and a beta of 0.86.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BBEM. Citadel Advisors LLC bought a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter worth $2,127,000. Royal Bank of Canada purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at $166,000. Bank of Nova Scotia purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at $5,837,000. Cetera Investment Advisers acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $205,000. Finally, Hsbc Holdings PLC increased its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the 1st 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.

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.