Short Interest in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Decreases By 81.4%

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,044 shares, a decrease of 81.4% from the July 15th total of 75,668 shares. Based on an average daily volume of 79,244 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acorn Financial Advisory Services Inc. ADV boosted its position 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 worth $246,000 after purchasing an additional 259 shares during the period. Sigma Planning Corp raised its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.6% in the first 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 period. Capital Analysts LLC raised its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.1% in the fourth quarter. Capital Analysts LLC now owns 7,020 shares of the company’s stock valued at $326,000 after purchasing an additional 406 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 18,434 shares of the company’s stock valued at $866,000 after buying an additional 639 shares in the last quarter. Finally, Mission Wealth Management LP lifted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 0.7% during the 4th quarter. Mission Wealth Management LP now owns 97,086 shares of the company’s stock valued at $4,514,000 after buying an additional 701 shares in the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

Shares of BBHY opened at $45.81 on Thursday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 1 year low of $45.23 and a 1 year high of $47.11. The stock’s fifty day moving average price is $45.85 and its two-hundred day moving average price is $46.06. The firm has a market cap of $450.31 million, a PE ratio of 60.43 and a beta of 0.40.

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.