JPMorgan Income ETF (NYSEARCA:JPIE) Stock Short Interest Report for October

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 515,886 shares, an increase of 253.7% from the October 15th total of 145,835 shares. Based on an average trading volume of 1,962,375 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan Income ETF Stock Down 0.3%

Shares of JPIE traded down $0.15 during trading hours on Thursday, hitting $44.86. 1,618,006 shares of the stock were exchanged, compared to its average volume of 1,591,093. The stock’s 50-day moving average price is $45.10 and its two-hundred day moving average price is $45.81. JPMorgan Income ETF has a 12-month low of $44.58 and a 12-month high of $46.61.

Institutional Trading of JPMorgan Income ETF

Several hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. bought a new position in shares of JPMorgan Income ETF during the third quarter worth about $47,794,000. Arkadios Wealth Advisors grew its position in JPMorgan Income ETF by 301.2% in the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after buying an additional 903,176 shares during the last quarter. Leverty Financial Group LLC lifted its position in shares of JPMorgan Income ETF by 335.8% in the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock valued at $43,885,000 after acquiring an additional 753,292 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of JPMorgan Income ETF by 11.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after purchasing an additional 747,797 shares during the period. Finally, Means Investment CO. Inc. purchased a new stake in shares of JPMorgan Income ETF during the third quarter worth $33,036,000.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.