JPMorgan Income ETF (NYSEARCA:JPIE) Sees Significant Drop in Short Interest
by Michael Walen · The Markets DailyJPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 285,684 shares, a decrease of 65.6% from the August 15th total of 830,117 shares. Based on an average trading volume of 1,459,058 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Trading of JPMorgan Income ETF
Several large investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in JPMorgan Income ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock valued at $314,310,000 after purchasing an additional 1,393,857 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of JPMorgan Income ETF by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after purchasing an additional 1,181,828 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of JPMorgan Income ETF by 1,680.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after purchasing an additional 1,068,410 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of JPMorgan Income ETF by 301.2% during the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after purchasing an additional 903,176 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after buying an additional 791,361 shares during the last quarter.
JPMorgan Income ETF Stock Down 0.0%
Shares of JPIE opened at $45.42 on Friday. The company has a 50 day moving average price of $45.80 and a 200-day moving average price of $45.97. JPMorgan Income ETF has a fifty-two week low of $45.39 and a fifty-two week high of $46.61.
JPMorgan Income ETF Company Profile
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.