JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Short Interest Down 41.0% in August

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 118,993 shares, a decrease of 41.0% from the July 30th total of 201,576 shares. Based on an average daily volume of 194,419 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

JPMorgan BetaBuilders U.S. Equity ETF stock opened at $138.32 on Tuesday. The stock has a market cap of $6.20 billion, a P/E ratio of 25.39 and a beta of 1.02. JPMorgan BetaBuilders U.S. Equity ETF has a 1 year low of $113.43 and a 1 year high of $140.70. The firm’s 50 day moving average price is $136.03 and its 200-day moving average price is $130.10.

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

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 2nd quarter worth $32,000. US Bancorp DE purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the third quarter valued at about $43,000. IFC & Insurance Marketing Inc. purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the fourth quarter valued at about $49,000. NewEdge Advisors LLC grew its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 462.8% during the first quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock valued at $44,000 after purchasing an additional 361 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF in the fourth quarter worth about $57,000.

JPMorgan BetaBuilders U.S. Equity ETF Company Profile

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.