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

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,618 shares, a growth of 23.9% from the February 26th total of 2,919 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,015 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the company’s stock valued at $35,000 after purchasing an additional 290 shares in the last quarter. FWL Investment Management LLC boosted its stake in shares of 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 buying an additional 234 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $84,000. Cetera Investment Advisers grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% during the second quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock worth $253,000 after acquiring an additional 326 shares during the period. Finally, Bank of America Corp DE grew its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% during the second quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after acquiring an additional 2,720 shares during the period.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Up 0.6%

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF stock traded up $0.26 during trading hours on Monday, reaching $45.11. 1,302 shares of the stock were exchanged, compared to its average volume of 4,563. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 52-week low of $43.49 and a 52-week high of $46.72. The firm’s 50 day moving average is $45.81 and its 200 day moving average is $46.03.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

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

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.