JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Sees Significant Growth in Short Interest

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,618 shares, a growth of 23.9% from the February 26th total of 2,919 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,015 shares, the days-to-cover ratio is presently 1.8 days.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Trading Up 0.6%

Shares of NYSEARCA BBCB traded up $0.26 during mid-day trading on Monday, reaching $45.11. The company had a trading volume of 1,302 shares, compared to its average volume of 4,563. The firm has a 50 day simple moving average of $45.81 and a two-hundred day simple moving average of $46.03. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 52-week low of $43.49 and a 52-week high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.189 dividend. This is a boost from JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jmac Enterprises LLC boosted its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 0.8% in the 4th quarter. Jmac Enterprises LLC now owns 86,768 shares of the company’s stock valued at $3,975,000 after purchasing an additional 657 shares during the period. JPMorgan Chase & Co. lifted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 78.8% in the second quarter. JPMorgan Chase & Co. now owns 62,384 shares of the company’s stock valued at $2,850,000 after buying an additional 27,503 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 10.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,765 shares of the company’s stock valued at $2,051,000 after buying an additional 4,328 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $1,052,000. Finally, Cerity Partners LLC acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $947,000.

About JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

The JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond 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. BBCB was launched on Dec 12, 2018 and is managed by JPMorgan Chase.