JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB) Stock Short Interest Drops 52.7%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 723 shares, a drop of 52.7% from the August 31st total of 1,528 shares. Based on an average daily volume of 2,569 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in BBCB. SMART Wealth LLC acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the first quarter worth $2,011,000. Independent Wealth Network Inc. acquired a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the first quarter valued at $889,000. Bank of America Corp DE increased its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 240.9% in the first quarter. Bank of America Corp DE now owns 26,907 shares of the company’s stock valued at $1,220,000 after purchasing an additional 19,013 shares during the last quarter. Avant Capital LLC purchased a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the second quarter worth about $308,000. Finally, Windsor Capital Management LLC purchased a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the second quarter worth about $250,000.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Trading Down 0.1%

Shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF stock traded down $0.06 during trading on Tuesday, hitting $43.03. 723 shares of the company were exchanged, compared to its average volume of 5,060. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a fifty-two week low of $43.03 and a fifty-two week high of $46.72. The firm has a 50 day moving average price of $44.20 and a 200 day moving average price of $44.85.

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.