JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Significant Increase in Short Interest

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 14,116 shares, a growth of 98.3% from the January 15th total of 7,118 shares. Based on an average daily volume of 61,784 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 61,784 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter valued at about $34,000. Larson Financial Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $46,000. Cary Street Partners Financial LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $53,000. GGM Financials LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the third quarter worth $61,000. Finally, Advisory Services Network LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the third quarter valued at $64,000.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Trading Up 0.3%

BBAG opened at $46.90 on Friday. JPMorgan BetaBuilders U.S. Aggregate Bond ETF has a 52-week low of $44.31 and a 52-week high of $47.11. The company has a 50 day moving average of $46.50 and a two-hundred day moving average of $46.53.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The firm 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 $0.158 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd.

About JPMorgan BetaBuilders U.S. Aggregate Bond ETF

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.