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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter worth $166,000. Cetera Investment Advisers acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter worth $205,000. Titleist Asset Management LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter worth $286,000. Bank of America Corp DE acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $303,000. Finally, Hsbc Holdings PLC boosted its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% during the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock worth $2,021,000 after purchasing an additional 4,829 shares during the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 2.1%

Shares of BBEM opened at $80.69 on Tuesday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 12 month low of $55.29 and a 12 month high of $81.12. The firm has a fifty day simple moving average of $72.42 and a 200 day simple moving average of $68.82. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

About JPMorgan BetaBuilders Emerging Markets Equity ETF

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.