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

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 724,485 shares, a decrease of 57.0% from the September 30th total of 1,686,454 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 3,819,643 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On JPMorgan Core Plus Bond ETF

Institutional investors have recently modified their holdings of the stock. Factory Mutual Insurance Co. acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at about $357,493,000. Annex Advisory Services LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF during the 3rd quarter worth about $224,263,000. Legacy Wealth Management LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $175,467,000. Valeo Financial Advisors LLC bought a new stake in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $140,086,000. Finally, Summit Financial Strategies Inc. bought a new stake in shares of JPMorgan Core Plus Bond ETF in the 3rd quarter valued at about $135,774,000.

JPMorgan Core Plus Bond ETF Price Performance

Shares of NYSEARCA:JCPB traded up $0.13 during midday trading on Friday, reaching $45.60. The company’s stock had a trading volume of 2,032,930 shares, compared to its average volume of 2,203,748. The business’s fifty day simple moving average is $45.38 and its 200-day simple moving average is $46.57. The company has a market capitalization of $16.38 billion, a P/E ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a fifty-two week low of $44.40 and a fifty-two week high of $48.17.

JPMorgan Core Plus Bond ETF Company Profile

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.