JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Up 90.2% in July

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 28,682 shares, a growth of 90.2% from the July 15th total of 15,080 shares. Based on an average daily volume of 7,288 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JPMB. Bank of America Corp DE boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% during the 2nd quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock worth $2,695,000 after acquiring an additional 53,833 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 2nd quarter worth $1,875,000. LPL Financial LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% in the fourth 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 during the last quarter. RiverFront Investment Group LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% in the fourth quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock valued at $5,186,000 after purchasing an additional 16,642 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% during the first quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock worth $1,462,000 after purchasing an additional 9,630 shares during the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

Shares of JPMB traded down $0.09 during trading hours on Monday, reaching $39.65. The stock had a trading volume of 2,433 shares, compared to its average volume of 12,033. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12 month low of $38.79 and a 12 month high of $40.90. The firm has a 50-day simple moving average of $39.92 and a 200 day simple moving average of $39.98.

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.