JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 28,558 shares, a drop of 62.4% from the June 30th total of 75,959 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,439 shares, the short-interest ratio is presently 1.3 days.
JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance
BATS:BBEM opened at $73.42 on Monday. The business has a 50 day moving average of $77.21 and a 200 day moving average of $72.37. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 1-year low of $58.15 and a 1-year high of $82.68.
Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF
A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the 4th quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock valued at $712,734,000 after purchasing an additional 418,920 shares during the last quarter. Bank of America Corp DE purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter worth $303,000. Hsbc Holdings PLC lifted its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after purchasing an additional 6,140 shares during the last quarter. Bank of Nova Scotia bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter worth $5,837,000. Finally, Royal Bank of Canada purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at about $166,000.
About JPMorgan BetaBuilders Emerging Markets Equity ETF
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.
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