JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Up 115.9% in May

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 47,978 shares, a growth of 115.9% from the May 14th total of 22,227 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,027 shares, the days-to-cover ratio is presently 0.7 days.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF stock opened at $46.01 on Friday. The stock has a market capitalization of $452.28 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. The business has a 50 day simple moving average of $46.06 and a 200-day simple moving average of $46.30.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Several large investors have recently bought and sold shares of BBHY. Royal Bank of Canada increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 23.0% during the 1st quarter. Royal Bank of Canada now owns 6,133 shares of the company’s stock worth $282,000 after buying an additional 1,147 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter worth approximately $109,000. Raymond James Financial Inc. increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 20.2% during the 2nd 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 in the last quarter. Jane Street Group LLC increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.8% during the 2nd quarter. Jane Street Group LLC now owns 33,305 shares of the company’s stock worth $1,553,000 after buying an additional 8,405 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 18.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 377,766 shares of the company’s stock worth $17,755,000 after buying an additional 57,572 shares in the last quarter.

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.