JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Sees Significant Drop in Short Interest

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 108,007 shares, a decrease of 75.5% from the May 31st total of 441,711 shares. Based on an average daily trading volume, of 322,205 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

JPMorgan BetaBuilders Europe ETF Stock Down 0.7%

Shares of BATS BBEU opened at $76.47 on Friday. The firm has a 50-day simple moving average of $77.11 and a 200-day simple moving average of $75.63. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. JPMorgan BetaBuilders Europe ETF has a 52 week low of $64.97 and a 52 week high of $79.64.

Institutional Trading of JPMorgan BetaBuilders Europe ETF

Several large investors have recently bought and sold shares of BBEU. NewEdge Advisors LLC raised its holdings in JPMorgan BetaBuilders Europe ETF by 1.7% in the 1st quarter. NewEdge Advisors LLC now owns 15,871 shares of the company’s stock valued at $1,149,000 after acquiring an additional 271 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of JPMorgan BetaBuilders Europe ETF during the 1st quarter worth approximately $33,000. Arkadios Wealth Advisors boosted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 4.2% during the 1st quarter. Arkadios Wealth Advisors now owns 4,577 shares of the company’s stock worth $331,000 after purchasing an additional 185 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 217.9% during the 1st quarter. Royal Bank of Canada now owns 26,920 shares of the company’s stock worth $1,949,000 after purchasing an additional 18,452 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of JPMorgan BetaBuilders Europe ETF in the first quarter valued at approximately $379,000.

JPMorgan BetaBuilders Europe ETF Company Profile

The JPMorgan BetaBuilders Europe ETF (BBEU) 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 European countries. BBEU was launched on Jun 15, 2018 and is managed by JPMorgan Chase.