JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Up 132.9% in July

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 75,668 shares, a growth of 132.9% from the June 30th total of 32,490 shares. Based on an average trading volume of 47,329 shares, the short-interest ratio is currently 1.6 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

A number of institutional investors have recently modified their holdings of BBHY. LPL Financial LLC raised its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 1,068,484 shares of the company’s stock worth $49,684,000 after buying an additional 57,776 shares during the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% during the 3rd quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock valued at $45,778,000 after purchasing an additional 86,326 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% during the 4th quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock worth $22,603,000 after buying an additional 15,562 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 11.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 459,172 shares of the company’s stock worth $21,351,000 after acquiring an additional 48,832 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth about $7,641,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

BATS:BBHY opened at $45.66 on Wednesday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $45.23 and a fifty-two week high of $47.11. The company has a 50 day simple moving average of $45.93 and a two-hundred day simple moving average of $46.14. The company has a market capitalization of $448.84 million, a PE ratio of 60.43 and a beta of 0.40.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Company Profile

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.