JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Short Interest Update
by Doug Wharley · The Cerbat GemJPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 472,859 shares, an increase of 3,130.6% from the May 14th total of 14,637 shares. Based on an average daily volume of 437,303 shares, the short-interest ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are sold short.
Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Equity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ascent Group LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 6.7% during the fourth quarter. Ascent Group LLC now owns 92,837 shares of the company’s stock valued at $11,448,000 after buying an additional 5,798 shares during the last quarter. Triad Wealth Partners LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 176.6% during the fourth quarter. Triad Wealth Partners LLC now owns 31,522 shares of the company’s stock valued at $3,887,000 after buying an additional 20,125 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the third quarter valued at approximately $612,000. Aptus Capital Advisors LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 11.6% during the third quarter. Aptus Capital Advisors LLC now owns 61,663 shares of the company’s stock valued at $7,440,000 after buying an additional 6,393 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the third quarter valued at approximately $1,140,000.
JPMorgan BetaBuilders U.S. Equity ETF Stock Performance
BBUS stock traded down $0.45 during midday trading on Tuesday, reaching $132.95. 355,247 shares of the company traded hands, compared to its average volume of 270,364. JPMorgan BetaBuilders U.S. Equity ETF has a 52-week low of $107.50 and a 52-week high of $137.20. The business has a 50 day moving average of $129.16 and a 200-day moving average of $125.19. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02.
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.