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

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 180,115 shares, a drop of 47.8% from the June 15th total of 344,836 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 268,482 shares, the days-to-cover ratio is presently 0.7 days.

JPMorgan BetaBuilders Canada ETF Stock Performance

JPMorgan BetaBuilders Canada ETF stock opened at $102.11 on Wednesday. The company’s 50 day simple moving average is $100.22 and its 200-day simple moving average is $97.53. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95. JPMorgan BetaBuilders Canada ETF has a 1 year low of $79.63 and a 1 year high of $102.63.

Institutional Trading of JPMorgan BetaBuilders Canada ETF

Several institutional investors have recently added to or reduced their stakes in BBCA. Silphium Asset Management Ltd purchased a new stake in JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at approximately $3,990,000. Willis Johnson & Associates Inc. lifted its stake in JPMorgan BetaBuilders Canada ETF by 3.7% during the fourth quarter. Willis Johnson & Associates Inc. now owns 148,675 shares of the company’s stock worth $13,827,000 after purchasing an additional 5,258 shares in the last quarter. Rice Partnership LLC purchased a new position in shares of JPMorgan BetaBuilders Canada ETF during the fourth quarter worth $6,875,000. Y Intercept Hong Kong Ltd purchased a new position in shares of JPMorgan BetaBuilders Canada ETF during the first quarter worth $662,000. Finally, Nolet Wealth Management LLC acquired a new stake in shares of JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at $1,035,000.

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.