JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Update

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 59,361 shares, a growth of 136.1% from the August 15th total of 25,138 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,112 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 1st quarter valued at about $109,000. GeoWealth Management LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the third quarter valued at approximately $144,000. Commonwealth Equity Services LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $210,000. WNY Asset Management LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the first quarter worth approximately $249,000. Finally, Truist Financial Corp boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 16.2% during the fourth quarter. Truist Financial Corp now owns 5,988 shares of the company’s stock worth $278,000 after acquiring an additional 837 shares during the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BATS BBHY opened at $45.20 on Monday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $45.18 and a fifty-two week high of $47.11. The business has a fifty day moving average of $45.73 and a 200-day moving average of $45.91. The stock has a market cap of $444.32 million, a price-to-earnings ratio of 60.43 and a beta of 0.40.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Company Profile

The JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is an exchange-traded fund that is based on the ICE BofA US High Yield 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. BBHY was launched on Sep 14, 2016 and is managed by JPMorgan Chase.