JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 59,361 shares, a growth of 136.1% from the August 15th total of 25,138 shares. Based on an average daily trading volume, of 42,112 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.6% of the company’s shares are sold short.
Hedge Funds Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
A number of large investors have recently bought and sold shares of the stock. WNY Asset Management LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at about $249,000. Truist Financial Corp boosted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 16.2% during the fourth quarter. Truist Financial Corp now owns 5,988 shares of the company’s stock worth $278,000 after purchasing an additional 837 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the first quarter worth about $300,000. IFP Advisors Inc grew its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 27.7% in the fourth quarter. IFP Advisors Inc now owns 7,016 shares of the company’s stock worth $326,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Hopwood Nicholas Hunter bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the second quarter worth about $364,000.
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Down 0.2%
BBHY opened at $45.10 on Tuesday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12 month low of $45.07 and a 12 month high of $47.11. The business’s 50-day moving average price is $45.71 and its 200-day moving average price is $45.90. The company has a market cap of $443.33 million, a P/E ratio of 60.43 and a beta of 0.40.
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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