JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 477,833 shares, a growth of 86.7% from the April 30th total of 255,952 shares. Based on an average daily trading volume, of 1,053,013 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JPIE. Morgan Stanley boosted its holdings in shares of JPMorgan Income ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after buying an additional 1,393,857 shares during the period. Wells Fargo & Company MN raised its holdings in shares of JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after purchasing an additional 1,068,410 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 21.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after buying an additional 982,593 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of JPMorgan Income ETF by 301.2% in the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after buying an additional 903,176 shares during the last quarter.

JPMorgan Income ETF Price Performance

Shares of JPIE stock opened at $45.94 on Tuesday. JPMorgan Income ETF has a 1-year low of $45.76 and a 1-year high of $46.61. The firm has a fifty day moving average of $46.03 and a two-hundred day moving average of $46.24.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.