JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Up 98.2% in February

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 21,180 shares, an increase of 98.2% from the January 29th total of 10,686 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the shares of the company are sold short.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

JPMB traded up $0.05 during trading on Friday, reaching $40.88. 11,356 shares of the company were exchanged, compared to its average volume of 12,553. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12-month low of $36.45 and a 12-month high of $40.90. The company’s 50-day moving average is $40.51 and its two-hundred day moving average is $40.33.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.1821 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter worth approximately $28,000. Osaic Holdings Inc. increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after purchasing an additional 368 shares during the period. 5T Wealth LLC purchased a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the fourth quarter worth $287,000. Convergence Financial LLC raised its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% in the second quarter. Convergence Financial LLC now owns 8,279 shares of the company’s stock worth $323,000 after buying an additional 519 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the second quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after buying an additional 5,998 shares during the period.

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.