Short Interest in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Grows By 73.0%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 3,012 shares, an increase of 73.0% from the December 31st total of 1,741 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 5,919 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 5,919 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. FWL Investment Management LLC grew its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.9% during the second quarter. FWL Investment Management LLC now owns 1,802 shares of the company’s stock worth $82,000 after purchasing an additional 234 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $84,000. Cetera Investment Advisers grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock worth $253,000 after acquiring an additional 326 shares during the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% in the second quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 9,501 shares of the company’s stock valued at $434,000 after purchasing an additional 1,202 shares during the period.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Performance

Shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF stock remained flat at $46.00 on Friday. 1,438 shares of the stock were exchanged, compared to its average volume of 7,172. The firm’s 50 day simple moving average is $46.00 and its 200 day simple moving average is $45.99. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 12 month low of $43.49 and a 12 month high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Company Profile

The JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund seeks to track a market-cap weighted index to provide exposure to high-yield, USD-denominated corporate debt securities. The fund invests in securities with maturities of at least 18 months. BBCB was launched on Dec 12, 2018 and is managed by JPMorgan Chase.