JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Decline in Short Interest

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 5,077 shares, a decrease of 22.4% from the March 31st total of 6,546 shares. Based on an average daily volume of 20,982 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Performance

Shares of NYSEARCA:BBMC traded up $0.29 on Friday, hitting $118.71. The company’s stock had a trading volume of 4,322 shares, compared to its average volume of 46,594. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a 12 month low of $89.37 and a 12 month high of $119.43. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08. The stock’s 50-day moving average is $112.80 and its two-hundred day moving average is $109.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth $443,000. Triad Wealth Partners LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the first quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock worth $573,000 after purchasing an additional 702 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $106,000. Elevation Wealth Management LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $560,000. Finally, Jane Street Group LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $2,212,000.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

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.