JPMorgan Income ETF (NYSEARCA:JPIE) Sees Significant Growth in Short Interest

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 242,003 shares, an increase of 25.5% from the January 29th total of 192,861 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,498,538 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,498,538 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $46.32 on Tuesday. The company’s 50-day simple moving average is $46.42 and its 200-day simple moving average is $46.38. JPMorgan Income ETF has a 1 year low of $45.01 and a 1 year high of $46.61.

JPMorgan Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be paid a $0.2082 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date is Monday, March 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Global View Capital Management LLC raised its holdings in JPMorgan Income ETF by 3.3% during the fourth quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock worth $321,000 after purchasing an additional 220 shares in the last quarter. Steinberganna Wealth Management lifted its position in JPMorgan Income ETF by 1.8% in the fourth quarter. Steinberganna Wealth Management now owns 13,806 shares of the company’s stock valued at $639,000 after acquiring an additional 246 shares during the last quarter. Fagan Associates Inc. boosted its stake in JPMorgan Income ETF by 3.3% in the fourth quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock valued at $360,000 after acquiring an additional 250 shares in the last quarter. Summit Wealth Partners LLC boosted its stake in JPMorgan Income ETF by 3.9% in the fourth quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock valued at $325,000 after acquiring an additional 260 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of JPMorgan Income ETF by 3.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after purchasing an additional 289 shares during the last quarter.

JPMorgan Income ETF Company Profile

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.