JPMorgan Active Bond ETF (NYSE:JBND – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 78,789 shares, a drop of 71.0% from the August 15th total of 271,950 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 901,333 shares, the days-to-cover ratio is currently 0.1 days.
JPMorgan Active Bond ETF Price Performance
JBND stock traded down $0.00 during trading on Monday, hitting $51.87. The company had a trading volume of 800,028 shares, compared to its average volume of 962,021. The company has a fifty day moving average price of $52.73 and a two-hundred day moving average price of $53.33. JPMorgan Active Bond ETF has a fifty-two week low of $51.76 and a fifty-two week high of $55.78.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC acquired a new stake in shares of JPMorgan Active Bond ETF during the 4th quarter worth about $58,000. Portfolio Resources Advisor Group Inc. bought a new position in JPMorgan Active Bond ETF during the 4th quarter valued at about $76,000. Cornerstone Planning Group LLC boosted its position in JPMorgan Active Bond ETF by 103.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,411 shares of the company’s stock valued at $75,000 after buying an additional 716 shares in the last quarter. Root Financial Partners LLC acquired a new position in JPMorgan Active Bond ETF in the fourth quarter valued at about $95,000. Finally, Rockefeller Capital Management L.P. acquired a new position in JPMorgan Active Bond ETF in the fourth quarter valued at about $117,000.
About JPMorgan Active Bond ETF
The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.
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