JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Down 94.5% in March

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 46,470 shares, a decrease of 94.5% from the February 26th total of 846,656 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,447,476 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,447,476 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

JPMorgan Income ETF Stock Down 0.2%

JPIE stock traded down $0.10 during mid-day trading on Tuesday, hitting $45.92. The company had a trading volume of 1,187,847 shares, compared to its average volume of 1,540,685. The company has a 50-day moving average price of $46.33 and a 200 day moving average price of $46.35. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.61.

JPMorgan Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.2082 dividend. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%.

Hedge Funds Weigh In On JPMorgan Income ETF

Several hedge funds have recently bought and sold shares of JPIE. American Financial Advisors LLC raised its holdings in JPMorgan Income ETF by 1,427.5% in the 3rd quarter. American Financial Advisors LLC now owns 257,284 shares of the company’s stock worth $11,941,000 after purchasing an additional 240,440 shares during the period. MorganRosel Wealth Management LLC grew its holdings in JPMorgan Income ETF by 22.5% in the third quarter. MorganRosel Wealth Management LLC now owns 147,741 shares of the company’s stock valued at $6,857,000 after purchasing an additional 27,107 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in JPMorgan Income ETF by 33.1% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 130,053 shares of the company’s stock valued at $6,036,000 after purchasing an additional 32,374 shares during the period. Commonwealth Equity Services LLC increased its position in shares of JPMorgan Income ETF by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 401,410 shares of the company’s stock valued at $18,629,000 after buying an additional 21,085 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of JPMorgan Income ETF by 142.7% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 48,519 shares of the company’s stock valued at $2,252,000 after buying an additional 28,531 shares in the last quarter.

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.