JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Stock Short Interest Jumps 462.4%

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 74,518 shares, an increase of 462.4% from the September 15th total of 13,249 shares. Based on an average daily trading volume, of 236,372 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the company’s shares are sold short.

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

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 25.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 21,772 shares of the company’s stock worth $966,000 after purchasing an additional 4,351 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 19.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,690,097 shares of the company’s stock valued at $80,375,000 after buying an additional 278,306 shares during the last quarter. Security National Bank of Sioux City Iowa IA bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 2nd quarter valued at about $69,000. Archford Capital Strategies LLC bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 2nd quarter valued at about $493,000. Finally, Capital Analysts LLC increased its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 26.3% in the second quarter. Capital Analysts LLC now owns 12,104 shares of the company’s stock valued at $558,000 after buying an additional 2,521 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BBHY opened at $44.35 on Monday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $43.88 and a fifty-two week high of $47.04. The firm has a market capitalization of $435.96 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. The company’s 50 day moving average price is $45.28 and its two-hundred day moving average price is $45.72.

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.