JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Update

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of JPMB. Royal Bank of Canada grew its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after acquiring an additional 1,421 shares during the period. Hsbc Holdings PLC boosted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the 2nd quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after purchasing an additional 5,998 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 2nd quarter valued at about $1,875,000. Bank of America Corp DE grew its stake 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 worth $2,695,000 after purchasing an additional 53,833 shares during the period. Finally, Osaic Holdings Inc. grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after purchasing an additional 368 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Up 0.0%

Shares of NYSEARCA JPMB traded up $0.02 during midday trading on Thursday, reaching $40.30. The stock had a trading volume of 5,471 shares, compared to its average volume of 11,561. The company’s 50 day moving average price is $40.05 and its 200 day moving average price is $40.14. JPMorgan USD Emerging Markets Sovereign Bond ETF has a twelve month low of $38.53 and a twelve month high of $40.90.

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.