JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Sees Large Increase in Short Interest

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 29,390 shares, an increase of 908.6% from the December 31st total of 2,914 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 6,929 shares, the days-to-cover ratio is currently 4.2 days. Based on an average daily trading volume, of 6,929 shares, the days-to-cover ratio is currently 4.2 days. Approximately 0.4% of the shares of the company are sold short.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Trading Down 0.6%

BBSC traded down $0.48 during trading on Wednesday, hitting $78.51. 7,685 shares of the company traded hands, compared to its average volume of 23,304. JPMorgan BetaBuilders U.S. Small Cap Equity ETF has a 1 year low of $51.75 and a 1 year high of $81.04. The stock’s 50-day simple moving average is $76.32 and its two-hundred day simple moving average is $73.72. The company has a market cap of $624.15 million, a PE ratio of 18.09 and a beta of 1.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBSC. Janney Montgomery Scott LLC increased its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 1.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 122,687 shares of the company’s stock valued at $8,095,000 after buying an additional 2,011 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 194.6% in the second quarter. Flow Traders U.S. LLC now owns 93,444 shares of the company’s stock worth $6,165,000 after buying an additional 61,720 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 9.8% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 21,577 shares of the company’s stock worth $1,600,000 after purchasing an additional 1,920 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 52,727.5% in the fourth quarter. Farther Finance Advisors LLC now owns 21,131 shares of the company’s stock valued at $1,570,000 after buying an additional 21,091 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the 3rd quarter valued at about $1,261,000.

About JPMorgan BetaBuilders U.S. Small Cap Equity ETF

The JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small cap companies. BBSC was launched on Nov 16, 2020 and is managed by JPMorgan Chase.