JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 846,656 shares, an increase of 249.9% from the February 12th total of 242,003 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,249,071 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 1,249,071 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

JPMorgan Income ETF Trading Down 0.0%

Shares of NYSEARCA:JPIE traded down $0.02 during trading on Friday, hitting $46.06. The stock had a trading volume of 680,186 shares, compared to its average volume of 1,568,290. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.61. The stock has a 50-day simple moving average of $46.38 and a two-hundred day simple moving average of $46.37.

JPMorgan Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2082 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is a boost from JPMorgan Income ETF’s previous monthly dividend of $0.20.

Institutional Investors Weigh In On JPMorgan Income ETF

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors grew its holdings in JPMorgan Income ETF by 11.9% during the fourth quarter. World Investment Advisors now owns 43,777 shares of the company’s stock worth $2,026,000 after acquiring an additional 4,639 shares during the period. S Harris Financial Group LLC purchased a new stake in JPMorgan Income ETF in the 4th quarter worth approximately $8,903,000. NCM Capital Management LLC grew its stake in shares of JPMorgan Income ETF by 145.9% during the 4th quarter. NCM Capital Management LLC now owns 15,000 shares of the company’s stock worth $694,000 after purchasing an additional 8,900 shares during the period. Nolet Wealth Management LLC acquired a new stake in shares of JPMorgan Income ETF during the 4th quarter worth approximately $1,909,000. Finally, Larch Capital Partners LLC purchased a new position in shares of JPMorgan Income ETF during the 4th quarter valued at approximately $6,548,000.

JPMorgan Income ETF Company Profile

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.