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 large increase in short interest in the month of February. As of February 13th, there was short interest totaling 3,680 shares, an increase of 48.0% from the January 29th total of 2,486 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 7,804 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 7,804 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

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

Institutional investors have recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. grew its position 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 buying an additional 38,276 shares during the period. Envestnet Asset Management Inc. lifted its position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,501 shares of the company’s stock valued at $434,000 after acquiring an additional 1,202 shares during the period. Midwestern Financial LLC IA bought a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the second quarter worth about $615,000. Jmac Enterprises LLC grew its holdings 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 purchasing an additional 657 shares during the period. Finally, Cetera Investment Advisers grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% in the second quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock worth $253,000 after purchasing an additional 326 shares during the period.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Performance

BBCB traded up $0.08 on Friday, hitting $46.40. The company had a trading volume of 1,061 shares, compared to its average volume of 5,940. The stock has a fifty day simple moving average of $46.03 and a 200-day simple moving average of $46.08. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 52-week low of $43.49 and a 52-week high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1792 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.