JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Short Interest Up 48.0% in February

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 3,680 shares, an increase of 48.0% from the January 29th total of 2,486 shares. Based on an average daily volume of 7,804 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 7,804 shares, the days-to-cover ratio is presently 0.5 days.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA BBCB traded down $0.42 during midday trading on Monday, reaching $45.99. 882 shares of the company’s stock traded hands, compared to its average volume of 5,810. The stock’s 50 day simple moving average is $46.03 and its 200-day simple moving average is $46.09. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a one year low of $43.49 and a one year high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be given a $0.189 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

Hedge Funds Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

A number of large investors have recently made changes to their positions in BBCB. IFP Advisors Inc grew its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the company’s stock worth $35,000 after buying an additional 290 shares during the last quarter. FWL Investment Management LLC boosted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.9% in the 2nd quarter. FWL Investment Management LLC now owns 1,802 shares of the company’s stock worth $82,000 after purchasing an additional 234 shares in the last quarter. Raymond James Financial Inc. acquired a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $84,000. Cetera Investment Advisers increased its stake 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 valued at $253,000 after purchasing an additional 326 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings 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 buying an additional 2,720 shares during the last quarter.

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.