Short Interest in JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Declines By 62.4%

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 28,558 shares, a decline of 62.4% from the June 30th total of 75,959 shares. Based on an average daily trading volume, of 21,439 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth $166,000. Cetera Investment Advisers bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter worth about $205,000. Titleist Asset Management LLC bought a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter valued at approximately $286,000. Bank of America Corp DE purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth $303,000. Finally, Hsbc Holdings PLC increased its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after acquiring an additional 6,140 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF stock opened at $73.42 on Monday. The business has a 50 day moving average of $77.21 and a 200 day moving average of $72.37. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 52 week low of $58.15 and a 52 week high of $82.68. The company has a market cap of $1.29 billion, a PE ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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.