JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Short Interest Down 51.1% in June

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 32,490 shares, a decline of 51.1% from the June 15th total of 66,407 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 74,021 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 1,068,484 shares of the company’s stock worth $49,684,000 after purchasing an additional 57,776 shares during the period. Bank of America Corp DE raised its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% during the 3rd quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock worth $45,778,000 after buying an additional 86,326 shares during the last quarter. HighTower Advisors LLC raised its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% during the 4th quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock worth $22,603,000 after buying an additional 15,562 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 11.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 459,172 shares of the company’s stock valued at $21,351,000 after acquiring an additional 48,832 shares during the period. Finally, Jane Street Group LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at approximately $7,641,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BATS BBHY opened at $45.92 on Friday. The stock’s fifty day moving average price is $45.96 and its 200 day moving average price is $46.19. 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 company has a market cap of $451.39 million, a price-to-earnings 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.