JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) Short Interest Update

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 2,919 shares, a decline of 20.7% from the February 12th total of 3,680 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,237 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 1,237 shares, the short-interest ratio is currently 2.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 60.4% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the company’s stock worth $35,000 after purchasing an additional 290 shares during the last quarter. FWL Investment Management LLC lifted its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.9% in the 2nd quarter. FWL Investment Management LLC now owns 1,802 shares of the company’s stock valued at $82,000 after purchasing an additional 234 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $84,000. Cetera Investment Advisers boosted its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock valued at $253,000 after purchasing an additional 326 shares during the period. Finally, Bank of America Corp DE grew its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% during the 2nd quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after buying an additional 2,720 shares during the last quarter.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Trading Down 0.2%

Shares of NYSEARCA:BBCB traded down $0.11 on Friday, hitting $45.03. 1,378 shares of the company’s stock were exchanged, compared to its average volume of 5,130. The firm’s 50-day moving average is $45.97 and its 200 day moving average is $46.08. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 1-year low of $43.49 and a 1-year high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.189 per share. The ex-dividend date was Monday, March 2nd. This is a positive change 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%.

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.