JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Sees Large Decline in Short Interest

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 2,919 shares, a drop of 20.7% from the February 12th total of 3,680 shares. Based on an average daily volume of 1,237 shares, the short-interest ratio is currently 2.4 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,237 shares, the short-interest ratio is currently 2.4 days.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Performance

BBCB stock traded up $0.21 during midday trading on Monday, hitting $45.24. 6,627 shares of the stock were exchanged, compared to its average volume of 5,159. The stock’s 50-day moving average price is $45.97 and its 200-day moving average price is $46.08. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a fifty-two week low of $43.49 and a fifty-two week high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.189 per share. This is a boost from JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in BBCB. IFP Advisors Inc increased its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the company’s stock valued at $35,000 after acquiring an additional 290 shares in the last quarter. FWL Investment Management LLC grew its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.9% in the second quarter. FWL Investment Management LLC now owns 1,802 shares of the company’s stock valued at $82,000 after purchasing an additional 234 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $84,000. Cetera Investment Advisers grew its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% in the second quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock valued at $253,000 after purchasing an additional 326 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% during the 2nd quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after purchasing an additional 2,720 shares in the last quarter.

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.