Short Interest in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Rises By 77.4%

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 246,846 shares, a growth of 77.4% from the June 15th total of 139,114 shares. Based on an average daily volume of 235,499 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Stock Performance

BBAX stock opened at $62.14 on Friday. The firm has a 50 day moving average price of $61.05 and a 200-day moving average price of $60.81. JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF has a 52-week low of $53.84 and a 52-week high of $64.31. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 17.74 and a beta of 0.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. bought a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the fourth quarter worth $9,936,000. JPMorgan Chase & Co. grew its stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock worth $4,713,655,000 after acquiring an additional 2,271,983 shares during the last quarter. BOKF NA bought a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the fourth quarter valued at $41,000. NewEdge Advisors LLC increased its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 109.6% during the first quarter. NewEdge Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the third quarter valued at $212,000.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.