JPMorgan Active Bond ETF (NYSE:JBND – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 731,051 shares, an increase of 259.2% from the September 15th total of 203,502 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 1,488,172 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On JPMorgan Active Bond ETF
Several institutional investors have recently made changes to their positions in JBND. Allworth Financial LP boosted its holdings in JPMorgan Active Bond ETF by 48.5% during the second quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock worth $486,939,000 after buying an additional 2,971,765 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in JPMorgan Active Bond ETF by 38.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock valued at $272,817,000 after buying an additional 1,418,178 shares in the last quarter. Captrust Financial Advisors increased its holdings in JPMorgan Active Bond ETF by 10.6% in the fourth quarter. Captrust Financial Advisors now owns 4,623,078 shares of the company’s stock valued at $249,970,000 after buying an additional 441,209 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Active Bond ETF by 47.2% in the first quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock worth $227,079,000 after acquiring an additional 1,354,369 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of JPMorgan Active Bond ETF by 27.2% in the first quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock worth $206,167,000 after acquiring an additional 820,562 shares during the period.
JPMorgan Active Bond ETF Stock Up 0.1%
JBND stock traded up $0.04 during trading on Tuesday, hitting $51.13. 192,107 shares of the company traded hands, compared to its average volume of 1,022,844. The stock’s 50-day simple moving average is $52.08 and its 200 day simple moving average is $52.91. JPMorgan Active Bond ETF has a 1 year low of $50.70 and a 1 year high of $55.78.
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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