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

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 25,138 shares, an increase of 79.0% from the July 30th total of 14,044 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 52,466 shares, the short-interest ratio is presently 0.5 days.

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

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter valued at approximately $7,641,000. WCG Wealth Advisors LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth $5,864,000. Highland Investment Advisors LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the second quarter worth $5,513,000. Bank of America Corp DE lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% in the third quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock valued at $45,778,000 after acquiring an additional 86,326 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the fourth quarter valued at $3,316,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BBHY stock opened at $45.86 on Friday. The stock has a market capitalization of $450.80 million, a P/E ratio of 60.43 and a beta of 0.40. 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 business has a 50-day moving average of $45.83 and a 200-day moving average of $46.00.

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.