Short Interest in JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Increases By 1,153.6%

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 31,617 shares, a growth of 1,153.6% from the May 31st total of 2,522 shares. Based on an average trading volume of 8,449 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.9% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

A number of large investors have recently added to or reduced their stakes in JPMB. Royal Bank of Canada lifted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 750.0% during the first quarter. Royal Bank of Canada now owns 2,550 shares of the company’s stock valued at $100,000 after buying an additional 2,250 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after acquiring an additional 368 shares in the last quarter. 5T Wealth LLC bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 4th quarter worth approximately $287,000. Hsbc Holdings PLC lifted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the second quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after acquiring an additional 5,998 shares during the last quarter. Finally, Forthright Family Wealth Advisory LLC lifted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% during the fourth quarter. Forthright Family Wealth Advisory LLC now owns 28,906 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,973 shares during the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of JPMB remained flat at $40.30 during trading hours on Friday. The stock had a trading volume of 5,471 shares, compared to its average volume of 11,561. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52-week low of $38.53 and a 52-week high of $40.90. The business’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $40.14.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.