JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Short Interest Update

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the target of a significant drop in short interest in the month of 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 trading volume, of 1,237 shares, the short-interest ratio is currently 2.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,237 shares, the short-interest ratio is currently 2.4 days.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance

Shares of BBCB stock traded up $0.32 on Tuesday, hitting $45.35. The stock had a trading volume of 473 shares, compared to its average volume of 5,158. 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 $45.96 and its 200-day moving average price is $46.08.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares during the period. FWL Investment Management LLC boosted its holdings in 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 period. Raymond James Financial Inc. purchased a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the second quarter valued at $84,000. Cetera Investment Advisers grew its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock worth $253,000 after purchasing an additional 326 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in 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.

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.