JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Down 41.0% in December

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 381,278 shares, a drop of 41.0% from the November 30th total of 646,216 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,102,266 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 1,102,266 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds have recently modified their holdings of the stock. Hicks Capital Management LLC acquired a new stake in shares of JPMorgan Income ETF in the 2nd quarter valued at about $533,000. Scott Capital Advisors LLC boosted its position in shares of JPMorgan Income ETF by 41.1% during the third quarter. Scott Capital Advisors LLC now owns 555,231 shares of the company’s stock worth $25,657,000 after buying an additional 161,615 shares during the period. Altus Wealth Management LLC grew its holdings in shares of JPMorgan Income ETF by 1.1% during the second quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock worth $1,862,000 after buying an additional 419 shares in the last quarter. Wagner Wealth Management LLC raised its position in JPMorgan Income ETF by 3.6% in the 2nd quarter. Wagner Wealth Management LLC now owns 656,341 shares of the company’s stock valued at $30,402,000 after buying an additional 22,587 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new stake in JPMorgan Income ETF in the 3rd quarter valued at approximately $2,762,000.

JPMorgan Income ETF Stock Performance

NYSEARCA JPIE traded up $0.01 on Friday, reaching $46.48. The company’s stock had a trading volume of 689,912 shares, compared to its average volume of 842,452. The business has a 50-day moving average price of $46.34 and a 200 day moving average price of $46.29. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.