JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Sees Large Drop in Short Interest

JPMorgan BetaBuilders Japan ETF (BATS:BBJP) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 687,780 shares, a drop of 37.1% from the June 30th total of 1,093,342 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,118,107 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On JPMorgan BetaBuilders Japan ETF

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in JPMorgan BetaBuilders Japan ETF in the first quarter valued at approximately $489,000. Goldman Sachs Group Inc. acquired a new position in JPMorgan BetaBuilders Japan ETF in the 1st quarter worth $7,230,000. Brown Advisory Inc. acquired a new position in JPMorgan BetaBuilders Japan ETF in the 2nd quarter worth $217,000. Cerity Partners LLC boosted its position in JPMorgan BetaBuilders Japan ETF by 317.1% during the second quarter. Cerity Partners LLC now owns 49,067 shares of the company’s stock valued at $3,031,000 after purchasing an additional 37,303 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of JPMorgan BetaBuilders Japan ETF by 8,242.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 22,358 shares of the company’s stock worth $1,381,000 after purchasing an additional 22,090 shares during the last quarter.

JPMorgan BetaBuilders Japan ETF Price Performance

Shares of JPMorgan BetaBuilders Japan ETF stock opened at $74.58 on Friday. The company’s fifty day moving average price is $75.08 and its two-hundred day moving average price is $72.83. The firm has a market capitalization of $16.06 billion, a PE ratio of 14.47 and a beta of 0.65. JPMorgan BetaBuilders Japan ETF has a 52-week low of $60.56 and a 52-week high of $78.64.

About JPMorgan BetaBuilders Japan ETF

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.