JPMorgan Active Bond ETF (NYSE:JBND) Shares Shorted: Short Interest Up 259.2% in September

JPMorgan Active Bond ETF (NYSE:JBND) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 731,051 shares, an increase of 259.2% from the September 15th total of 203,502 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,488,172 shares, the days-to-cover ratio is presently 0.5 days.

JPMorgan Active Bond ETF Price Performance

NYSE:JBND traded down $0.01 on Monday, hitting $51.09. The company’s stock had a trading volume of 718,781 shares, compared to its average volume of 1,027,469. The stock has a fifty day moving average of $52.08 and a two-hundred day moving average of $52.91. JPMorgan Active Bond ETF has a one year low of $50.70 and a one year high of $55.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBND. Allworth Financial LP raised its stake in JPMorgan Active Bond ETF by 48.5% in the 2nd quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after acquiring an additional 2,971,765 shares during the period. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Active Bond ETF by 38.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock valued at $272,817,000 after purchasing an additional 1,418,178 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Active Bond ETF by 47.2% during the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after purchasing an additional 1,354,369 shares during the last quarter. Royal Bank of Canada boosted its position in JPMorgan Active Bond ETF by 64.3% during the first quarter. Royal Bank of Canada now owns 2,443,755 shares of the company’s stock worth $131,401,000 after purchasing an additional 956,648 shares during the period. Finally, Private Advisor Group LLC boosted its position in JPMorgan Active Bond ETF by 35.2% during the first quarter. Private Advisor Group LLC now owns 3,555,302 shares of the company’s stock worth $191,169,000 after purchasing an additional 925,032 shares during the period.

About JPMorgan Active Bond ETF

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.