JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Sees Significant Increase in Short Interest

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 344,836 shares, an increase of 77.2% from the May 31st total of 194,605 shares. Based on an average trading volume of 233,993 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the company’s shares are sold short.

JPMorgan BetaBuilders Canada ETF Stock Up 0.1%

Shares of JPMorgan BetaBuilders Canada ETF stock opened at $99.52 on Thursday. The stock’s fifty day moving average is $99.94 and its two-hundred day moving average is $97.04. JPMorgan BetaBuilders Canada ETF has a 52 week low of $79.63 and a 52 week high of $102.63. The company has a market capitalization of $10.30 billion, a PE ratio of 19.87 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Alaska Permanent Capital Management LLC lifted its holdings in JPMorgan BetaBuilders Canada ETF by 0.6% during the 1st quarter. Alaska Permanent Capital Management LLC now owns 18,396 shares of the company’s stock valued at $1,730,000 after buying an additional 112 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in JPMorgan BetaBuilders Canada ETF by 2.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,146 shares of the company’s stock worth $479,000 after acquiring an additional 113 shares in the last quarter. Simon Quick Advisors LLC grew its stake in JPMorgan BetaBuilders Canada ETF by 5.1% in the 1st quarter. Simon Quick Advisors LLC now owns 2,474 shares of the company’s stock worth $233,000 after acquiring an additional 119 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of JPMorgan BetaBuilders Canada ETF by 24.2% during the third quarter. CIBC Private Wealth Group LLC now owns 811 shares of the company’s stock worth $71,000 after acquiring an additional 158 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of JPMorgan BetaBuilders Canada ETF by 3.2% during the third quarter. Brown Brothers Harriman & Co. now owns 5,872 shares of the company’s stock worth $512,000 after acquiring an additional 184 shares during the period.

About JPMorgan BetaBuilders Canada ETF

The JPMorgan BetaBuilders Canada ETF (BBCA) 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 Canadian equities. BBCA was launched on Aug 7, 2018 and is managed by JPMorgan Chase.