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

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 816,100 shares, an increase of 515.0% from the September 30th total of 132,700 shares. Based on an average daily trading volume, of 1,011,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,011,500 shares, the short-interest ratio is currently 0.8 days.

JPMorgan Income ETF Trading Down 0.2%

NYSEARCA:JPIE opened at $46.40 on Thursday. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.57. The stock has a 50 day moving average of $46.40 and a two-hundred day moving average of $46.13.

Institutional Investors Weigh In On JPMorgan Income ETF

Large investors have recently bought and sold shares of the company. Parkworth Wealth Management Inc. purchased a new stake in JPMorgan Income ETF during the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new stake in shares of JPMorgan Income ETF in the second quarter valued at approximately $37,000. LRI Investments LLC purchased a new stake in shares of JPMorgan Income ETF in the first quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB grew its position in shares of JPMorgan Income ETF by 95.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock valued at $41,000 after purchasing an additional 429 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of JPMorgan Income ETF in the second quarter valued at approximately $62,000.

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.