JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BATS:BBIB) Sees Significant Growth in Short Interest

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BATS:BBIB) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,016 shares, an increase of 120.4% from the April 30th total of 2,730 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 2,388 shares, the days-to-cover ratio is presently 2.5 days.

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF Price Performance

BBIB stock opened at $97.90 on Friday. The business has a fifty day moving average of $98.19 and a two-hundred day moving average of $99.09. JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF has a 52-week low of $96.88 and a 52-week high of $100.71.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF by 73.3% during the second quarter. Osaic Holdings Inc. now owns 709 shares of the company’s stock worth $70,000 after acquiring an additional 300 shares during the last quarter. Citadel Advisors LLC increased its stake in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF by 6.3% during the third quarter. Citadel Advisors LLC now owns 9,213 shares of the company’s stock worth $918,000 after acquiring an additional 548 shares during the last quarter. Kelly Financial Group LLC increased its stake in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF by 4.7% during the fourth quarter. Kelly Financial Group LLC now owns 181,992 shares of the company’s stock worth $18,142,000 after acquiring an additional 8,100 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF by 4.8% during the fourth quarter. JPMorgan Chase & Co. now owns 178,459 shares of the company’s stock worth $17,727,000 after acquiring an additional 8,227 shares during the last quarter.

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF Company Profile

The JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) is an exchange-traded fund that is based on the ICE U.S. Treasury 3 -7 Year TR index. The fund tracks a market value-weighted index of US Treasurys with three to ten years until maturity. Constituents are selected using the same manner that they are weighted. BBIB was launched on Apr 19, 2023 and is managed by JPMorgan Chase.