Short Interest in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Expands By 292.6%

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 23,762 shares, an increase of 292.6% from the November 30th total of 6,052 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 17,332 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 17,332 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at $37,000. Geneos Wealth Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock valued at $114,000 after purchasing an additional 264 shares during the last quarter. Raymond James Financial Inc. acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter valued at about $144,000. Thrive Wealth Management LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth about $216,000. Finally, Steward Partners Investment Advisory LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after purchasing an additional 243 shares during the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.1%

Shares of BBMC stock traded up $0.12 during mid-day trading on Thursday, reaching $108.94. The stock had a trading volume of 283,129 shares, compared to its average volume of 40,562. The business has a 50-day simple moving average of $105.56 and a 200 day simple moving average of $102.60. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a 12-month low of $77.29 and a 12-month high of $110.04. The company has a market cap of $2.04 billion, a P/E ratio of 18.31 and a beta of 1.12.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

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.