JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) Sees Significant Drop in Short Interest

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMCGet Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 10,105 shares, a drop of 49.1% from the August 15th total of 19,857 shares. Based on an average daily trading volume, of 28,073 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the 1st quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock worth $573,000 after purchasing an additional 702 shares during the period. Royal Bank of Canada raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% during the 1st quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock valued at $667,000 after buying an additional 2,959 shares during the period. Private Advisor Group LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter valued at $443,000. Archer Investment Corp purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter valued at $490,000. Finally, Citadel Advisors LLC lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 52.8% in the second quarter. Citadel Advisors LLC now owns 19,405 shares of the company’s stock worth $2,467,000 after buying an additional 6,705 shares during the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 0.3%

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF stock opened at $123.85 on Tuesday. The company’s 50-day moving average price is $126.17 and its 200-day moving average price is $120.67. The company has a market cap of $2.03 billion, a PE ratio of 18.31 and a beta of 1.08. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a twelve month low of $99.77 and a twelve month high of $130.07.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.

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