JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Significant Increase in Short Interest

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 798,761 shares, a growth of 499.4% from the August 31st total of 133,249 shares. Based on an average daily trading volume, of 2,285,511 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

JPMorgan Core Plus Bond ETF Price Performance

Shares of NYSEARCA:JCPB traded up $0.07 during midday trading on Friday, hitting $45.05. 8,515,513 shares of the company’s stock were exchanged, compared to its average volume of 1,899,450. The stock has a 50 day moving average price of $46.00 and a 200-day moving average price of $46.58. The company has a market cap of $14.82 billion, a PE ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 12 month low of $44.88 and a 12 month high of $48.17.

Hedge Funds Weigh In On JPMorgan Core Plus Bond ETF

A number of hedge funds have recently added to or reduced their stakes in JCPB. Envestnet Portfolio Solutions Inc. purchased a new position in shares of JPMorgan Core Plus Bond ETF during the second quarter valued at approximately $436,000. Envestnet Asset Management Inc. raised its position in JPMorgan Core Plus Bond ETF by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,877,606 shares of the company’s stock valued at $135,075,000 after buying an additional 262,780 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in JPMorgan Core Plus Bond ETF in the 2nd quarter valued at $353,000. Security National Bank of Sioux City Iowa IA bought a new position in JPMorgan Core Plus Bond ETF during the 2nd quarter valued at $255,000. Finally, JFS Wealth Advisors LLC lifted its stake in JPMorgan Core Plus Bond ETF by 5.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 286,913 shares of the company’s stock valued at $13,468,000 after acquiring an additional 15,137 shares in the last quarter.

About JPMorgan Core Plus Bond ETF

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.