JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 74,518 shares, a growth of 462.4% from the September 15th total of 13,249 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 236,372 shares, the days-to-cover ratio is presently 0.3 days.
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Up 0.1%
Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF stock opened at $44.35 on Friday. The stock’s fifty day simple moving average is $45.28 and its 200 day simple moving average is $45.72. The company has a market capitalization of $435.96 million, a PE ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12 month low of $43.88 and a 12 month high of $47.04.
Institutional Investors Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
Large investors have recently modified their holdings of the business. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the second quarter worth about $69,000. WNY Asset Management LLC bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter valued at about $249,000. Ascentis Independent Advisors bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter valued at about $300,000. Hopwood Nicholas Hunter acquired a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $364,000. Finally, IFP Advisors Inc grew its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 24.7% in the 2nd quarter. IFP Advisors Inc now owns 7,957 shares of the company’s stock valued at $397,000 after purchasing an additional 1,575 shares during the period.
About JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
The JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is an exchange-traded fund that is based on the ICE BofA US High Yield 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. BBHY was launched on Sep 14, 2016 and is managed by JPMorgan Chase.
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