JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Update

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

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

BBHY opened at $45.61 on Tuesday. The firm has a market cap of $448.35 million, a P/E ratio of 60.43 and a beta of 0.40. The firm has a 50-day moving average of $45.93 and a 200 day moving average of $46.15. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $45.23 and a fifty-two week high of $47.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter valued at approximately $109,000. GeoWealth Management LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 3rd quarter worth approximately $144,000. Commonwealth Equity Services LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $210,000. Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.1% in the 4th 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 period. Finally, WNY Asset Management LLC bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 1st quarter worth approximately $249,000.

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.