JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Short Interest Down 17.5% in January

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 2,486 shares, a drop of 17.5% from the January 15th total of 3,012 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 8,510 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 8,510 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance

Shares of BBCB stock traded up $0.13 on Monday, hitting $46.28. The stock had a trading volume of 4,307 shares, compared to its average volume of 7,367. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a twelve month low of $43.49 and a twelve month high of $46.72. The company has a fifty day moving average price of $45.95 and a two-hundred day moving average price of $46.04.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1792 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBCB. CreativeOne Wealth LLC raised its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.2% during the fourth quarter. CreativeOne Wealth LLC now owns 12,709 shares of the company’s stock worth $582,000 after acquiring an additional 1,585 shares during the period. Janney Montgomery Scott LLC increased its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 10.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,765 shares of the company’s stock worth $2,051,000 after purchasing an additional 4,328 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $947,000. Integrity Alliance LLC. bought a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the fourth quarter valued at about $588,000. Finally, IFP Advisors Inc lifted its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the company’s stock valued at $35,000 after purchasing an additional 290 shares in the last quarter.

About JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

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.