JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BATS:BBAG) Sees Large Drop in Short Interest

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BATS:BBAG) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 5,435 shares, a drop of 92.8% from the August 31st total of 75,842 shares. Based on an average trading volume of 38,017 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Performance

Shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF stock traded down $0.18 on Thursday, hitting $44.01. 70,983 shares of the company’s stock traded hands, compared to its average volume of 103,046. The firm’s 50-day moving average price is $45.04 and its two-hundred day moving average price is $45.61. JPMorgan BetaBuilders U.S. Aggregate Bond ETF has a one year low of $44.01 and a one year high of $47.18.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 1st quarter worth about $29,000. Larson Financial Group LLC bought a new position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter worth approximately $46,000. Cary Street Partners Financial LLC acquired a new position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $53,000. Western Wealth Management LLC bought a new stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the first quarter valued at approximately $68,000. Finally, Royal Bank of Canada increased its stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 2,847.3% in the first quarter. Royal Bank of Canada now owns 2,181 shares of the company’s stock valued at $101,000 after purchasing an additional 2,107 shares in the last quarter.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Company Profile

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.