Short Interest in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Rises By 329.1%

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 845,277 shares, a growth of 329.1% from the June 30th total of 197,011 shares. Based on an average daily trading volume, of 149,076 shares, the short-interest ratio is presently 5.7 days. Currently, 1.9% of the shares of the company are sold short.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

BBUS stock opened at $133.10 on Friday. JPMorgan BetaBuilders U.S. Equity ETF has a one year low of $112.19 and a one year high of $137.20. The firm’s fifty day moving average is $134.37 and its 200 day moving average is $127.71. The firm has a market cap of $5.96 billion, a PE ratio of 25.39 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Hedge funds have recently modified their holdings of the company. Flagstar Advisors Inc. lifted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 3.9% in the 4th quarter. Flagstar Advisors Inc. now owns 2,404 shares of the company’s stock valued at $296,000 after purchasing an additional 90 shares in the last quarter. Betterment LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 7.1% during the fourth quarter. Betterment LLC now owns 1,806 shares of the company’s stock worth $223,000 after buying an additional 120 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 13.9% during the third quarter. LGT Financial Advisors LLC now owns 1,010 shares of the company’s stock worth $122,000 after buying an additional 123 shares in the last quarter. Absolute Capital Management LLC raised its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 4.8% in the fourth quarter. Absolute Capital Management LLC now owns 2,731 shares of the company’s stock valued at $337,000 after buying an additional 124 shares during the last quarter. Finally, Sutton Place Investors LLC raised its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 0.7% in the fourth quarter. Sutton Place Investors LLC now owns 19,921 shares of the company’s stock valued at $2,456,000 after buying an additional 138 shares during the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Company Profile

The JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market cap. BBUS was launched on Mar 12, 2019 and is managed by JPMorgan Chase.