JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Sees Significant Growth in Short Interest

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 147,548 shares, a growth of 182.2% from the August 15th total of 52,282 shares. Based on an average trading volume of 173,883 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Price Performance

Shares of BATS:BBAX opened at $63.80 on Friday. The firm has a market capitalization of $6.11 billion, a PE ratio of 17.74 and a beta of 0.87. The firm’s 50-day moving average is $63.70 and its two-hundred day moving average is $62.10. JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF has a 1 year low of $53.84 and a 1 year high of $65.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBAX. JPMorgan Chase & Co. boosted its holdings in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock valued at $4,713,655,000 after purchasing an additional 2,271,983 shares during the period. Atlas Capital Advisors Inc. acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 4th quarter worth $9,936,000. Financial Management Professionals Inc. purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 2nd quarter worth about $9,298,000. Flow Traders U.S. LLC purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 2nd quarter worth about $291,000. Finally, Ameriprise Financial Inc. purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 3rd quarter worth about $212,000.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) 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 stocks in developed-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.