JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) Shares Shorted: Short Interest Down 93.6% in September

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 744 shares, a decline of 93.6% from the September 15th total of 11,657 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 61,931 shares, the days-to-cover ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter valued at about $443,000. Archer Investment Corp acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter valued at about $490,000. Triad Wealth Partners LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the first quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock valued at $573,000 after purchasing an additional 702 shares during the period. Gradient Investments LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 3rd quarter worth about $700,000. Finally, Royal Bank of Canada increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% during the 1st quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock worth $667,000 after buying an additional 2,959 shares during the period.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Price Performance

BBMC stock traded up $0.64 during midday trading on Friday, hitting $122.46. 6,371 shares of the stock traded hands, compared to its average volume of 33,718. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a 1-year low of $99.77 and a 1-year high of $130.07. The stock’s fifty day simple moving average is $125.34 and its 200-day simple moving average is $122.06. The firm has a market cap of $2.01 billion, a P/E ratio of 18.31 and a beta of 1.08.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.