Short Interest in JPMorgan Realty Income ETF (NYSEARCA:JPRE) Declines By 29.0%

JPMorgan Realty Income ETF (NYSEARCA:JPRE) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 26,363 shares, a drop of 29.0% from the February 26th total of 37,134 shares. Based on an average daily volume of 22,098 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.

JPMorgan Realty Income ETF Price Performance

Shares of JPRE traded down $0.26 during mid-day trading on Friday, hitting $47.29. The company’s stock had a trading volume of 13,684 shares, compared to its average volume of 40,929. The firm has a 50-day moving average price of $49.28 and a 200 day moving average price of $48.07. JPMorgan Realty Income ETF has a fifty-two week low of $41.26 and a fifty-two week high of $51.46. The stock has a market capitalization of $465.81 million, a price-to-earnings ratio of 41.80 and a beta of 0.85.

Institutional Investors Weigh In On JPMorgan Realty Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers grew its holdings in shares of JPMorgan Realty Income ETF by 12.1% in the 2nd quarter. Cetera Investment Advisers now owns 46,687 shares of the company’s stock worth $2,224,000 after acquiring an additional 5,040 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Realty Income ETF by 8.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock valued at $166,000 after purchasing an additional 260 shares during the period. Raymond James Financial Inc. boosted its position in shares of JPMorgan Realty Income ETF by 119.5% in the 2nd quarter. Raymond James Financial Inc. now owns 126,148 shares of the company’s stock valued at $6,010,000 after purchasing an additional 68,686 shares during the period. Orion Porfolio Solutions LLC purchased a new position in JPMorgan Realty Income ETF in the 2nd quarter worth about $313,000. Finally, Osaic Holdings Inc. increased its stake in JPMorgan Realty Income ETF by 153.9% in the 2nd quarter. Osaic Holdings Inc. now owns 11,189 shares of the company’s stock worth $536,000 after purchasing an additional 6,782 shares in the last quarter.

About JPMorgan Realty Income ETF

The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.