Short Interest in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Drops By 67.1%

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,704 shares, a drop of 67.1% from the January 29th total of 14,285 shares. Based on an average daily volume of 40,790 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 40,790 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at about $106,000. Cornerstone Planning Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $122,000. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth approximately $144,000. Geneos Wealth Management Inc. boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $159,000 after buying an additional 370 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock valued at $313,000 after acquiring an additional 243 shares in the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.6%

BBMC traded up $0.74 during trading on Thursday, reaching $116.08. 3,128 shares of the company’s stock were exchanged, compared to its average volume of 50,669. The stock has a market capitalization of $2.03 billion, a PE ratio of 18.31 and a beta of 1.12. The firm has a fifty day moving average price of $112.21 and a two-hundred day moving average price of $107.15. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a one year low of $77.29 and a one year high of $116.25.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

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.