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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 6,468 shares, a decline of 77.4% from the July 15th total of 28,558 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 50,376 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock worth $712,734,000 after purchasing an additional 418,920 shares in the last quarter. Bank of Nova Scotia bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at approximately $5,837,000. Susquehanna International Group LLP lifted its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the third quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock valued at $11,345,000 after purchasing an additional 87,123 shares during the last quarter. Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter worth approximately $2,310,000. Finally, Hsbc Holdings PLC grew its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after buying an additional 6,140 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

Shares of BBEM stock opened at $76.71 on Friday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 52-week low of $59.79 and a 52-week high of $82.68. The company has a market capitalization of $1.35 billion, a PE ratio of 14.49 and a beta of 0.59. The business’s fifty day moving average is $76.30 and its 200 day moving average is $73.11.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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.