JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Down 81.4% in July

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,044 shares, a drop of 81.4% from the July 15th total of 75,668 shares. Based on an average daily trading volume, of 79,244 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WCG Wealth Advisors LLC bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter worth about $5,864,000. HighTower Advisors LLC boosted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% during the fourth quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock worth $22,603,000 after acquiring an additional 15,562 shares in the last quarter. Nolet Wealth Management LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth about $1,093,000. Independent Wealth Network Inc. bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the first quarter worth about $592,000. Finally, Empowered Funds LLC grew its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 12.8% in the first quarter. Empowered Funds LLC now owns 111,162 shares of the company’s stock worth $5,064,000 after purchasing an additional 12,606 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF stock opened at $45.87 on Friday. The stock’s 50 day simple moving average is $45.85 and its two-hundred day simple moving average is $46.06. The stock has a market cap of $450.90 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $45.23 and a fifty-two week high of $47.11.

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.