Short Interest in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Increases By 150.8%
by Scott Moore · The Cerbat GemJPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB – Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 4,226 shares, an increase of 150.8% from the November 30th total of 1,685 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,321 shares, the short-interest ratio is presently 3.2 days. Based on an average daily volume of 1,321 shares, the short-interest ratio is presently 3.2 days. Currently, 0.5% of the shares of the stock are sold short.
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Stock Up 0.0%
NYSEARCA:BBCB traded up $0.01 during trading hours on Friday, hitting $46.12. 454 shares of the stock were exchanged, compared to its average volume of 3,730. The company’s 50 day moving average is $46.13 and its two-hundred day moving average is $45.86. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a twelve month low of $43.49 and a twelve month high of $46.72.
Hedge Funds Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF
Several hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the third quarter worth about $1,052,000. CreativeOne Wealth LLC boosted its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 10.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 11,124 shares of the company’s stock valued at $515,000 after purchasing an additional 1,052 shares during the last quarter. Lion Street Advisors LLC boosted its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 30.1% in the 3rd quarter. Lion Street Advisors LLC now owns 16,191 shares of the company’s stock valued at $749,000 after purchasing an additional 3,745 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,911 shares of the company’s stock worth $459,000 after buying an additional 410 shares during the period. Finally, Jmac Enterprises LLC raised its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 2.0% during the third quarter. Jmac Enterprises LLC now owns 86,111 shares of the company’s stock worth $3,984,000 after buying an additional 1,679 shares during the last quarter.
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.