JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Down 57.6% in April

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,758 shares, a decline of 57.6% from the April 15th total of 4,147 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,233 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JPMB. Royal Bank of Canada grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock valued at $7,750,000 after acquiring an additional 1,421 shares during the period. Hsbc Holdings PLC grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the 2nd quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after acquiring an additional 5,998 shares during the period. Jane Street Group LLC bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 2nd quarter valued at approximately $1,875,000. Bank of America Corp DE grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% during the 2nd quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after acquiring an additional 53,833 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after acquiring an additional 368 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

JPMorgan USD Emerging Markets Sovereign Bond ETF stock opened at $39.58 on Friday. The business has a 50-day simple moving average of $39.77 and a two-hundred day simple moving average of $40.24. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52-week low of $37.65 and a 52-week high of $40.90.

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.