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

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,741 shares, a decrease of 58.8% from the December 15th total of 4,226 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 2,171 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 2,171 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of BBCB. Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the third quarter worth about $1,052,000. CreativeOne Wealth LLC grew its position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 10.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 11,124 shares of the company’s stock worth $515,000 after purchasing an additional 1,052 shares during the last quarter. Lion Street Advisors LLC grew its position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 30.1% in the 3rd quarter. Lion Street Advisors LLC now owns 16,191 shares of the company’s stock worth $749,000 after purchasing an additional 3,745 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 9,911 shares of the company’s stock valued at $459,000 after purchasing an additional 410 shares during the period. Finally, Jmac Enterprises LLC raised its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 2.0% during the third quarter. Jmac Enterprises LLC now owns 86,111 shares of the company’s stock valued at $3,984,000 after buying an additional 1,679 shares during the last quarter.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA:BBCB traded up $0.09 during trading on Wednesday, hitting $46.06. 1,510 shares of the company traded hands, compared to its average volume of 4,801. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a one year low of $43.49 and a one year high of $46.72. The business’s fifty day moving average is $46.00 and its 200-day moving average is $45.94.

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.