JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Sees Large Growth in Short Interest

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) saw a significant increase in short interest during 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. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 233,993 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On JPMorgan BetaBuilders Canada ETF

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of JPMorgan BetaBuilders Canada ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 103,697 shares of the company’s stock worth $9,753,000 after purchasing an additional 361 shares during the period. Quantinno Capital Management LP raised its position in JPMorgan BetaBuilders Canada ETF by 12.1% in the 1st quarter. Quantinno Capital Management LP now owns 23,551 shares of the company’s stock worth $2,215,000 after purchasing an additional 2,543 shares during the period. Waverly Advisors LLC lifted its stake in JPMorgan BetaBuilders Canada ETF by 149.1% in the first quarter. Waverly Advisors LLC now owns 4,336 shares of the company’s stock worth $408,000 after purchasing an additional 2,595 shares during the last quarter. Renaissance Technologies LLC bought a new stake in JPMorgan BetaBuilders Canada ETF in the first quarter worth about $602,000. Finally, Cetera Investment Advisers grew its stake in shares of JPMorgan BetaBuilders Canada ETF by 1.0% during the first quarter. Cetera Investment Advisers now owns 58,179 shares of the company’s stock valued at $5,472,000 after buying an additional 584 shares during the last quarter.

JPMorgan BetaBuilders Canada ETF Stock Up 0.1%

BATS BBCA opened at $99.52 on Thursday. The company has a fifty day moving average of $99.94 and a two-hundred day moving average of $97.04. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95. JPMorgan BetaBuilders Canada ETF has a 52 week low of $79.63 and a 52 week high of $102.63.

JPMorgan BetaBuilders Canada ETF Company Profile

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.