JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 25,359 shares, a decline of 60.7% from the July 30th total of 64,532 shares. Based on an average daily trading volume, of 51,332 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.
Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 5.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,730 shares of the company’s stock valued at $10,901,000 after purchasing an additional 6,044 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% during the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock worth $26,993,000 after buying an additional 250,816 shares during the period. Global Endowment Management LP raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% during the fourth quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock worth $46,522,000 after buying an additional 124,428 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock worth $252,149,000 after buying an additional 43,729 shares during the last quarter. Finally, Alaska Permanent Capital Management LLC lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the first quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock valued at $48,525,000 after buying an additional 13,150 shares during the period.
JPMorgan BetaBuilders MSCI US REIT ETF Trading Down 0.9%
Shares of BBRE stock opened at $107.71 on Friday. JPMorgan BetaBuilders MSCI US REIT ETF has a 1-year low of $91.82 and a 1-year high of $113.40. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02. The stock has a 50-day moving average of $108.97 and a 200-day moving average of $104.34.
About JPMorgan BetaBuilders MSCI US REIT ETF
The JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) is an exchange-traded fund that is based on the MSCI US REIT Custom Capped index, a market-cap-weighted index of small-, mid-, and large-cap companies involved in the ownership or management of US real estate. BBRE was launched on Jun 15, 2018 and is managed by JPMorgan Chase.
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