JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 356,461 shares, a growth of 420.3% from the September 30th total of 68,515 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 489,642 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On JPMorgan Limited Duration Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC purchased a new position in shares of JPMorgan Limited Duration Bond ETF during the 1st quarter valued at $45,000. Security National Bank of SO Dak purchased a new stake in shares of JPMorgan Limited Duration Bond ETF during the second quarter worth $47,000. Bogart Wealth LLC purchased a new stake in shares of JPMorgan Limited Duration Bond ETF during the first quarter worth $52,000. Sound Income Strategies LLC purchased a new stake in shares of JPMorgan Limited Duration Bond ETF during the first quarter worth $74,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in JPMorgan Limited Duration Bond ETF during the second quarter valued at $98,000.
JPMorgan Limited Duration Bond ETF Stock Performance
Shares of JPLD traded up $0.04 during midday trading on Thursday, hitting $51.60. The stock had a trading volume of 219,928 shares, compared to its average volume of 501,189. JPMorgan Limited Duration Bond ETF has a fifty-two week low of $50.92 and a fifty-two week high of $52.75. The business has a 50-day simple moving average of $51.60 and a two-hundred day simple moving average of $52.06.
About JPMorgan Limited Duration Bond ETF
The JPMorgan Limited Duration Bond ETF (JPLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests mainly in a broad portfolio of investment grade asset-backed and mortgage-backed securities with an average duration of three years or less. JPLD was launched on Jul 28, 2023 and is issued by JPMorgan Chase.
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