Short Interest in JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Decreases By 61.6%

JPMorgan BetaBuilders Japan ETF (BATS:BBJP) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 986,826 shares, a drop of 61.6% from the May 14th total of 2,570,051 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 1,720,166 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC purchased a new position in shares of JPMorgan BetaBuilders Japan ETF during the third quarter worth $1,570,000. Wallace Advisory Group LLC boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 220.7% during the fourth quarter. Wallace Advisory Group LLC now owns 24,595 shares of the company’s stock worth $1,621,000 after buying an additional 16,925 shares during the period. Patten Group Inc. purchased a new position in shares of JPMorgan BetaBuilders Japan ETF during the fourth quarter worth $519,000. HighTower Advisors LLC boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 1.4% during the fourth quarter. HighTower Advisors LLC now owns 778,232 shares of the company’s stock worth $51,293,000 after buying an additional 10,483 shares during the period. Finally, Portside Wealth Group LLC boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 36.4% during the fourth quarter. Portside Wealth Group LLC now owns 71,271 shares of the company’s stock worth $4,697,000 after buying an additional 19,010 shares during the period.

JPMorgan BetaBuilders Japan ETF Stock Up 0.5%

BBJP stock opened at $75.08 on Friday. The business has a fifty day moving average of $73.33 and a two-hundred day moving average of $71.09. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65. JPMorgan BetaBuilders Japan ETF has a 52-week low of $58.63 and a 52-week high of $76.88.

JPMorgan BetaBuilders Japan ETF Company Profile

The JPMorgan BetaBuilders Japan ETF (BBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of Japanese large- and mid-cap stocks. BBJP was launched on Jun 15, 2018 and is managed by JPMorgan Chase.