JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Growth in Short Interest

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 48,158 shares, an increase of 80.3% from the February 26th total of 26,706 shares. Based on an average daily volume of 16,490 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.8% of the company’s shares are sold short.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Down 0.6%

Shares of JPMB stock opened at $38.81 on Friday. JPMorgan USD Emerging Markets Sovereign Bond ETF has a one year low of $36.45 and a one year high of $40.90. The company has a 50 day moving average price of $40.20 and a 200 day moving average price of $40.35.

JPMorgan USD Emerging Markets Sovereign Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.193 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from JPMorgan USD Emerging Markets Sovereign Bond ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% during the second quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after acquiring an additional 53,833 shares during the period. Jane Street Group LLC purchased a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 2nd quarter worth about $1,875,000. Bright Futures Wealth Management LLC. purchased a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter worth about $1,443,000. LPL Financial LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% in the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock valued at $2,771,000 after purchasing an additional 30,626 shares in the last quarter. Finally, ARQ Wealth Advisors LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 53.2% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 76,238 shares of the company’s stock valued at $3,077,000 after purchasing an additional 26,459 shares in the last quarter.

About JPMorgan USD Emerging Markets Sovereign Bond ETF

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.