JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Short Interest Up 1,229.2% in May

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 441,711 shares, an increase of 1,229.2% from the May 14th total of 33,232 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 573,375 shares, the days-to-cover ratio is presently 0.8 days.

JPMorgan BetaBuilders Europe ETF Stock Up 0.4%

Shares of BBEU stock traded up $0.31 during trading hours on Tuesday, reaching $77.07. The company’s stock had a trading volume of 408,209 shares, compared to its average volume of 493,227. The firm’s 50 day simple moving average is $76.28 and its 200-day simple moving average is $75.01. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. JPMorgan BetaBuilders Europe ETF has a fifty-two week low of $64.50 and a fifty-two week high of $79.61.

Institutional Investors Weigh In On JPMorgan BetaBuilders Europe ETF

Several hedge funds have recently modified their holdings of BBEU. Allspring Global Investments Holdings LLC acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 1st quarter valued at $26,000. Signaturefd LLC acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter valued at $29,000. Aptus Capital Advisors LLC acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter valued at $32,000. Finally, Western Wealth Management LLC acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 1st quarter valued at $33,000.

About JPMorgan BetaBuilders Europe ETF

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