JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,721 shares, a decline of 84.7% from the September 30th total of 11,246 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 12,173 shares, the short-interest ratio is currently 0.1 days.
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Down 0.3%
BATS BBCB opened at $43.54 on Thursday. The firm’s fifty day moving average price is $43.66 and its two-hundred day moving average price is $44.91. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 1 year low of $42.64 and a 1 year high of $46.71.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 43.1% in the 3rd quarter. IFP Advisors Inc now owns 1,558 shares of the company’s stock valued at $67,000 after purchasing an additional 469 shares during the period. Cetera Investment Advisers lifted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 13.7% in the 1st quarter. Cetera Investment Advisers now owns 6,770 shares of the company’s stock valued at $307,000 after purchasing an additional 818 shares during the last quarter. Independent Wealth Network Inc. lifted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 4.5% in the 3rd quarter. Independent Wealth Network Inc. now owns 21,103 shares of the company’s stock valued at $908,000 after purchasing an additional 915 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.1% during the second quarter. Envestnet Asset Management Inc. now owns 12,658 shares of the company’s stock worth $574,000 after purchasing an additional 1,566 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 49,162 shares of the company’s stock worth $2,229,000 after purchasing an additional 4,397 shares during the period.
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.
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