JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Large Increase in Short Interest

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,686,454 shares, an increase of 111.1% from the September 15th total of 798,761 shares. Based on an average daily volume of 4,380,010 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

JPMorgan Core Plus Bond ETF Trading Up 0.1%

Shares of JCPB traded up $0.03 during trading hours on Tuesday, reaching $44.81. The company had a trading volume of 2,822,729 shares, compared to its average volume of 2,058,853. The firm has a 50 day simple moving average of $45.66 and a 200-day simple moving average of $46.38. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 12-month low of $44.40 and a 12-month high of $48.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCPB. SHP Wealth Management purchased a new stake in shares of JPMorgan Core Plus Bond ETF during the fourth quarter worth about $31,000. Torren Management LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF in the first quarter valued at approximately $37,000. Western Wealth Management LLC acquired a new position in shares of JPMorgan Core Plus Bond ETF in the first quarter valued at approximately $76,000. Portfolio Resources Advisor Group Inc. purchased a new position in shares of JPMorgan Core Plus Bond ETF during the fourth quarter valued at approximately $80,000. Finally, Basepoint Wealth LLC purchased a new position in shares of JPMorgan Core Plus Bond ETF during the first quarter valued at approximately $91,000.

JPMorgan Core Plus Bond ETF Company Profile

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.