JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB) Stock Short Interest Drops 52.7%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 723 shares, a decrease of 52.7% from the August 31st total of 1,528 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,569 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Performance

Shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF stock traded down $0.06 during trading hours on Tuesday, reaching $43.03. The stock had a trading volume of 723 shares, compared to its average volume of 5,060. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 1 year low of $43.03 and a 1 year high of $46.72. The firm has a 50 day simple moving average of $44.20 and a two-hundred day simple moving average of $44.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SMART Wealth LLC acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the first quarter valued at about $2,011,000. Independent Wealth Network Inc. acquired a new position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the first quarter worth about $889,000. Bank of America Corp DE lifted its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 240.9% in the first quarter. Bank of America Corp DE now owns 26,907 shares of the company’s stock worth $1,220,000 after acquiring an additional 19,013 shares in the last quarter. Avant Capital LLC purchased a new position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the second quarter valued at about $308,000. Finally, Windsor Capital Management LLC acquired a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $250,000.

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.