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

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 32,490 shares, a decrease of 51.1% from the June 15th total of 66,407 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 74,021 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 23.0% in the first quarter. Royal Bank of Canada now owns 6,133 shares of the company’s stock valued at $282,000 after purchasing an additional 1,147 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the first quarter worth about $109,000. Raymond James Financial Inc. grew its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 20.2% during the second quarter. Raymond James Financial Inc. now owns 52,715 shares of the company’s stock worth $2,459,000 after buying an additional 8,855 shares during the last quarter. Jane Street Group LLC increased its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 33,305 shares of the company’s stock valued at $1,553,000 after acquiring an additional 8,405 shares during the period. Finally, GeoWealth Management LLC acquired a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $144,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Up 0.2%

Shares of BBHY opened at $45.82 on Wednesday. The company’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $46.21. The firm has a market cap of $450.41 million, a PE ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12-month low of $45.23 and a 12-month 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.