JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Short Interest Up 91.8% in May

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) saw 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 trading volume, of 11,290 shares, the days-to-cover ratio is currently 5.7 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BBEM. JPMorgan Chase & Co. grew its position 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 acquiring an additional 418,920 shares during the last quarter. Susquehanna International Group LLP boosted its holdings 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 acquiring an additional 87,123 shares during 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 bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at approximately $2,310,000. Finally, Hsbc Holdings PLC boosted its holdings in 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 acquiring an additional 4,829 shares during the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

BBEM opened at $81.72 on Wednesday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a fifty-two week low of $55.47 and a fifty-two week high of $81.72. The company has a market capitalization of $1.44 billion, a P/E ratio of 14.49 and a beta of 0.59. The stock has a fifty day moving average of $72.42 and a 200-day moving average 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.