Short Interest in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Rises By 73.0%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 3,012 shares, a growth of 73.0% from the December 31st total of 1,741 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 5,919 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 5,919 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jmac Enterprises LLC raised its position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 0.8% in the fourth quarter. Jmac Enterprises LLC now owns 86,768 shares of the company’s stock worth $3,975,000 after acquiring an additional 657 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 138.5% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 65,912 shares of the company’s stock worth $3,012,000 after purchasing an additional 38,276 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 78.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 62,384 shares of the company’s stock worth $2,850,000 after purchasing an additional 27,503 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 18.0% during the second quarter. Janney Montgomery Scott LLC now owns 35,589 shares of the company’s stock valued at $1,626,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the third quarter worth approximately $1,052,000.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:BBCB remained flat at $46.00 during midday trading on Friday. The company had a trading volume of 1,438 shares, compared to its average volume of 7,172. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 1 year low of $43.49 and a 1 year high of $46.72. The company’s 50 day moving average price is $46.00 and its 200-day moving average price is $45.99.

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.