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

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 75,668 shares, an increase of 132.9% from the June 30th total of 32,490 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 47,329 shares, the days-to-cover ratio is currently 1.6 days.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BBHY opened at $45.55 on Thursday. The company’s 50-day moving average is $45.92 and its 200 day moving average is $46.13. 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. The firm has a market capitalization of $447.76 million, a PE ratio of 60.43 and a beta of 0.40.

Hedge Funds Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Acorn Financial Advisory Services Inc. ADV grew its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.1% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,296 shares of the company’s stock valued at $246,000 after purchasing an additional 259 shares during the period. Ascent Group LLC raised its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2.4% during the 4th quarter. Ascent Group LLC now owns 12,341 shares of the company’s stock valued at $574,000 after buying an additional 295 shares in the last quarter. Sigma Planning Corp increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.6% during the 1st quarter. Sigma Planning Corp now owns 24,292 shares of the company’s stock valued at $1,113,000 after purchasing an additional 382 shares during the last quarter. Capital Analysts LLC raised its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.1% during the fourth quarter. Capital Analysts LLC now owns 7,020 shares of the company’s stock worth $326,000 after acquiring an additional 406 shares in the last quarter. Finally, Investment Partners Asset Management Inc. lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.2% in the fourth quarter. Investment Partners Asset Management Inc. now owns 46,056 shares of the company’s stock worth $2,142,000 after purchasing an additional 556 shares during the last quarter.

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.