Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Expands By 499.6%

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a significant growth in short interest in 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. Based on an average trading volume of 1,262,409 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On JPMorgan Income ETF

A number of institutional investors have recently modified their holdings of the company. Huntington National Bank purchased a new stake in JPMorgan Income ETF in the 4th quarter worth approximately $26,000. Rice Partnership LLC acquired a new stake in shares of JPMorgan Income ETF during the first 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 purchased a new stake in shares of JPMorgan Income ETF in the first quarter valued at $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at $35,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE traded down $0.02 on Thursday, reaching $45.91. The stock had a trading volume of 1,017,213 shares, compared to its average volume of 1,431,074. The firm’s fifty day moving average is $45.88 and its two-hundred day moving average is $46.04. JPMorgan Income ETF has a 12-month low of $45.65 and a 12-month high of $46.61.

About JPMorgan Income ETF

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.