JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Large Drop in Short Interest

by · The Cerbat Gem

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 133,249 shares, a drop of 88.2% from the August 15th total of 1,128,821 shares. Based on an average daily trading volume, of 1,540,314 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

JPMorgan Core Plus Bond ETF Trading Down 0.6%

JCPB traded down $0.28 during trading on Thursday, hitting $45.53. The stock had a trading volume of 2,139,021 shares, compared to its average volume of 1,800,071. The firm has a market cap of $13.77 billion, a PE ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 12 month low of $45.50 and a 12 month high of $48.17. The company has a 50 day simple moving average of $46.26 and a 200-day simple moving average of $46.76.

Hedge Funds Weigh In On JPMorgan Core Plus Bond ETF

A number of institutional investors have recently made changes to their positions in JCPB. Qube Research & Technologies Ltd bought a new stake in JPMorgan Core Plus Bond ETF during the 2nd quarter valued at approximately $298,000. Betterment LLC grew its holdings in JPMorgan Core Plus Bond ETF by 37.6% in the 2nd quarter. Betterment LLC now owns 84,519 shares of the company’s stock valued at $3,977,000 after buying an additional 23,086 shares during the last quarter. Jane Street Group LLC increased its position in JPMorgan Core Plus Bond ETF by 267.1% in the 2nd quarter. Jane Street Group LLC now owns 505,139 shares of the company’s stock worth $23,772,000 after buying an additional 367,551 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of JPMorgan Core Plus Bond ETF by 836.1% during the second quarter. EP Wealth Advisors LLC now owns 43,156 shares of the company’s stock worth $2,031,000 after buying an additional 38,546 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of JPMorgan Core Plus Bond ETF by 73.0% during the second quarter. MML Investors Services LLC now owns 229,056 shares of the company’s stock worth $10,779,000 after buying an additional 96,657 shares during the last quarter.

JPMorgan Core Plus Bond ETF Company Profile

(Get Free Report)

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.

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