JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Update

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 59,530 shares, an increase of 55.2% from the December 31st total of 38,357 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average trading volume of 21,766 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 21,766 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.5% of the shares of the company are short sold.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

NYSEARCA JPMB traded down $0.16 on Monday, hitting $40.28. 2,760 shares of the stock traded hands, compared to its average volume of 15,300. The business’s fifty day moving average is $40.44 and its two-hundred day moving average is $40.14. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12 month low of $36.45 and a 12 month high of $40.90.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, February 2nd.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several large investors have recently modified their holdings of JPMB. Bank of America Corp DE lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% during the 2nd quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after buying an additional 53,833 shares in the last quarter. Jane Street Group LLC purchased a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF during the second quarter valued at about $1,875,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at $1,443,000. ARQ Wealth Advisors LLC grew its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 53.2% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 76,238 shares of the company’s stock worth $3,077,000 after acquiring an additional 26,459 shares during the last quarter. Finally, 5T Wealth LLC purchased a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 4th quarter worth approximately $287,000.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.