Short Interest in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Drops By 41.0%

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 118,993 shares, a decline of 41.0% from the July 30th total of 201,576 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 194,419 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the second quarter worth about $32,000. US Bancorp DE purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 3rd quarter worth approximately $43,000. NewEdge Advisors LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 462.8% during the 1st quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock worth $44,000 after acquiring an additional 361 shares during the period. IFC & Insurance Marketing Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth approximately $49,000. Finally, Arax Advisory Partners bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth approximately $57,000.

JPMorgan BetaBuilders U.S. Equity ETF Trading Down 0.7%

Shares of BATS BBUS opened at $137.35 on Wednesday. The firm has a fifty day simple moving average of $136.13 and a two-hundred day simple moving average of $130.19. JPMorgan BetaBuilders U.S. Equity ETF has a 12 month low of $113.43 and a 12 month high of $140.70. The firm has a market capitalization of $6.15 billion, a PE ratio of 25.39 and a beta of 1.02.

About JPMorgan BetaBuilders U.S. Equity ETF

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.