JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Up 330.5% in January

JPMorgan Income ETF (NYSEARCA:JPIE) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,674,310 shares, a growth of 330.5% from the December 31st total of 388,886 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 2,446,577 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 2,446,577 shares, the short-interest ratio is currently 0.7 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Trading of JPMorgan Income ETF

A number of institutional investors have recently made changes to their positions in JPIE. JPMorgan Chase & Co. raised its stake in JPMorgan Income ETF by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock valued at $344,800,000 after purchasing an additional 578,800 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 71.0% in the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after buying an additional 1,914,053 shares during the last quarter. Savant Capital LLC lifted its stake in shares of JPMorgan Income ETF by 10.2% in the third quarter. Savant Capital LLC now owns 3,538,263 shares of the company’s stock worth $164,211,000 after buying an additional 328,043 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Income ETF by 52.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after buying an additional 839,269 shares in the last quarter. Finally, Heritage Financial Services LLC boosted its position in JPMorgan Income ETF by 4.5% during the third quarter. Heritage Financial Services LLC now owns 2,305,382 shares of the company’s stock worth $106,993,000 after acquiring an additional 99,558 shares during the last quarter.

JPMorgan Income ETF Price Performance

JPIE stock opened at $46.42 on Wednesday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57. The firm has a 50-day simple moving average of $46.36 and a 200-day simple moving average of $46.33.

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.