JPMorgan Income ETF (NYSEARCA:JPIE) Sees Significant Increase in Short Interest

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 830,117 shares, a growth of 499.6% from the July 30th total of 138,444 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,262,409 shares, the days-to-cover ratio is currently 0.7 days.

JPMorgan Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPIE traded up $0.01 during trading on Friday, hitting $45.92. 89,396 shares of the company’s stock were exchanged, compared to its average volume of 1,424,337. JPMorgan Income ETF has a 1-year low of $45.65 and a 1-year high of $46.61. The firm has a 50-day moving average price of $45.88 and a two-hundred day moving average price of $46.03.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank acquired a new position in shares of JPMorgan Income ETF in the 4th quarter valued at $26,000. Rice Partnership LLC bought a new position in shares of JPMorgan Income ETF in the 1st quarter worth $30,000. Imprint Wealth LLC acquired a new stake in shares of JPMorgan Income ETF during the third quarter worth $33,000. Torren Management LLC bought a new stake in JPMorgan Income ETF in the first quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in JPMorgan Income ETF in the fourth quarter valued at about $35,000.

JPMorgan Income ETF Company Profile

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.