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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 63,909 shares, an increase of 91.8% from the April 30th total of 33,316 shares. Based on an average trading volume of 11,290 shares, the days-to-cover ratio is presently 5.7 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at about $166,000. Cetera Investment Advisers bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at about $205,000. Titleist Asset Management LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter valued at about $286,000. Bank of America Corp DE bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at about $303,000. Finally, Hsbc Holdings PLC grew its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after buying an additional 6,140 shares during the period.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

BATS BBEM opened at $80.65 on Thursday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 1 year low of $56.20 and a 1 year high of $81.72. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The company has a fifty day moving average price of $73.03 and a 200-day moving average price of $69.04.

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.