JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Sees Large Increase in Short Interest

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 75,668 shares, an increase of 132.9% from the June 30th total of 32,490 shares. Based on an average daily volume of 47,329 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at approximately $109,000. GeoWealth Management LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the third quarter worth $144,000. Commonwealth Equity Services LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth $210,000. Acorn Financial Advisory Services Inc. ADV boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.1% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,296 shares of the company’s stock worth $246,000 after purchasing an additional 259 shares during the last quarter. Finally, WNY Asset Management LLC purchased a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter worth $249,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

Shares of BBHY stock opened at $45.61 on Tuesday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52-week low of $45.23 and a 52-week high of $47.11. The company has a 50-day simple moving average of $45.93 and a two-hundred day simple moving average of $46.15. The company has a market capitalization of $448.35 million, a price-to-earnings ratio of 60.43 and a beta of 0.40.

About JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

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.