JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Short Interest Up 296.4% in August

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 142,231 shares, an increase of 296.4% from the August 15th total of 35,877 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,676 shares, the short-interest ratio is currently 0.6 days.

JPMorgan International Bond Opportunities ETF Trading Down 0.2%

JPIB stock opened at $47.10 on Friday. JPMorgan International Bond Opportunities ETF has a 52 week low of $47.06 and a 52 week high of $49.42. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 4.86 and a beta of 0.24. The firm’s 50-day moving average is $47.85 and its two-hundred day moving average is $48.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JPIB. IFP Advisors Inc lifted its position in JPMorgan International Bond Opportunities ETF by 1,328.6% in the third quarter. IFP Advisors Inc now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 465 shares during the period. Western Wealth Management LLC acquired a new position in shares of JPMorgan International Bond Opportunities ETF during the 1st quarter valued at $34,000. Elyxium Wealth LLC acquired a new position in shares of JPMorgan International Bond Opportunities ETF during the 4th quarter valued at $49,000. WFA of San Diego LLC bought a new stake in shares of JPMorgan International Bond Opportunities ETF in the 2nd quarter worth $74,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of JPMorgan International Bond Opportunities ETF by 141.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,166 shares of the company’s stock worth $104,000 after buying an additional 1,268 shares in the last quarter.

About JPMorgan International Bond Opportunities ETF

The JPMorgan International Bond Opportunities ETF (JPIB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund provides total return through the active management of a broad based, broad maturity bond portfolio reaching sectors in both developed and emerging markets around the world outside of the US. JPIB was launched on Apr 3, 2017 and is managed by JPMorgan Chase.