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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 63,909 shares, a growth of 91.8% from the April 30th total of 33,316 shares. Based on an average daily volume of 11,290 shares, the short-interest ratio is currently 5.7 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock valued at $712,734,000 after purchasing an additional 418,920 shares in the last quarter. Susquehanna International Group LLP increased its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in 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 in the last quarter. Bank of Nova Scotia bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at approximately $5,837,000. Citadel Advisors LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at approximately $2,310,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the first quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock valued at $2,021,000 after buying an additional 4,829 shares during the period.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

Shares of BATS:BBEM opened at $80.69 on Tuesday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 52 week low of $55.29 and a 52 week high of $81.12. The company has a market capitalization of $1.42 billion, a PE ratio of 14.49 and a beta of 0.59. The company has a 50 day moving average price of $72.42 and a two-hundred day moving average price of $68.82.

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.